Moller, Danish Shipping Patriarch, Dies; Execs Say Company Strategy to Remain the Same | SupplyChainBrain

Moller, Danish Shipping Patriarch, Dies; Execs Say Company Strategy to Remain the Same

Maritime Executive

April 19, 2012

Shares in A.P. Moller-Maersk, which is still controlled by the Moller family, rose over 6 percent as analysts said younger generations might spin off parts of an empire that also spans oil businesses, supermarkets and a stake in a bank, according to Reuters UK.

Many wonder if the shipping conglomerate could now face changes, like stock splits or demergers, as A.P. Moller-Maersk owns a 20 percent stake in Danske Bank and a controlling interest in supermarket chain Dansk Supermarked in addition to its main shipping and oil businesses. However, company representatives insist that this death will not affect the company's strategy.

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