AP Moller-Maersk CEO denies plans to sell Danske Bank stake despite speculation after Dansk Supermarked sale
AP Moller-Maersk, the Danish energy and shipping giant, could be closer to selling its stake in Danske Bank after yesterday’s announced sale of the supermarket chain, Dansk Supermarked, according to Borsen.
The Danish business daily cited a Sydbank analyst who speculated that Maersk will likely look at divesting its Danske Bank shares onces the share price reaches a suitable level as it is not core activity.
The paper also cited Maersk CEO, Nils Smedegaard Andersen, who told the paper that the company is not looking to sell Danske Bank which is seen as a strategic holding. He added that he can obviously not say what will happen in the long term though.
In the meantime, a Nordea analyst said that he believes Maersk will retain the Dansk Bank stake for a long time to come considering the strategic nature of the holding as well as the historical aspect in that Maersk has been a shareholder in Danske Bank since 1928.
Source Borsen