Maersk Separation Follows Failure to Track Oil's Rebound: ChartBy
A.P. Moeller-Maersk A/S’s decision to split its transport and energy businesses will unlock value for investors, Goldman Sachs said. The shares have failed to follow Brent crude’s rebound since March even as they tracked the commodity down last year. Former Chief Executive Officer Nils Smedegaard Andersen, who was dismissed in June, had defended the structure, saying the units benefited from the synergies that the conglomerate brought with it.
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