Reuters logo
BRIEF-Maersk reduces ownership in Dansk Supermarked and F. Salling
January 7, 2014 / 7:11 AM / in 4 years

BRIEF-Maersk reduces ownership in Dansk Supermarked and F. Salling

COPENHAGEN, Jan 7 (Reuters) - Danish shipping and oil group A.P. Moeller Maersk A/S said on Tuesday: * The Salling Companies will acquire 48.68 percent of the shares in Dansk Supermarked and 18.72 percent of the shares in F. Salling. * Five years after closing of the transaction the Salling Companies have a call option on the remaining 19 percent in each of the Companies owned by A.P. Moeller Maersk * A.P. Moeller Maersk has a put option for its remaining shares in each of the Companies * Total enterprise value for the companies is 41 billion Danish crowns * The accounting gain for A.P. Moeller Maersk is expected to be around 14

billion Danish crowns depending on the timing of closing of the transaction * The transaction will generate cash proceeds of around 17 billion crowns * Closing is expected to take place during 1st half of 2014.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below