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Nordsfonden Acquires 20% Stake in Danish Underground Consortium by AP Moeller Maersk A/S, Royal Dutch Shell Plc and Chevron Corp-Reuters
Reuters reported that Danish oil and shipping group AP Moeller Maersk A/S (Maersk) announced that a Danish state-run fund, Nordsofonden, had taken a 20% interest in the Danish Underground Consortium (DUC) owned by Maersk, Chevron Corp and Royal Dutch Shell Plc (Shell). The transaction has cut Maersk's stake in DUC to 31.2%, Shell's holding to 36.8%, and Chevron's to 12%. Maersk previously held a 39% stake in DUC, while Shell had 46% and Chevron held 15%.
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