COPENHAGEN Danish shipping and oil group A.P. Moller-Maersk (MAERSKb.CO) is to sell 48.68 percent of Dansk Supermarked, the largest retailer in Denmark, and 18.72 percent of department store chain F. Salling, to holding company The Salling Companies.
Maersk said it also had an option to sell its remaining 19 percent stake in each company after five years. The conglomerate has said it wants to sharpen its strategic focus on fewer business units.
The accounting gain for A.P. Moller-Maersk is expected to be around 14 billion Danish crowns depending on the timing of closing of the transaction, the company said.
($1=5.4680 Danish crowns)
(Reporting by Ole Mikkelsen; Editing by Sophie Walker)