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Maersk Is Said to Weigh Sale of $1 Billion Cold Container Unit

  • Maersk aims to monetize asset amid a pandemic-induced shortage
  • Danish firm may reach out to potential suitors this month
Views of the Yangshan Container Port Ahead of Trade Figures
Photographer: Qilai Shen/Bloomberg

A.P. Moller-Maersk A/S is considering a sale of its refrigerated container business as demand for the cold storage units surges during the Covid-19 pandemic, according to people familiar with the matter.

The Danish shipping giant is working with an adviser on the proposed divestment of Maersk Container Industry, which could be valued at as much as $1 billion, the people said, asking not to be identified as the information is private.