Tuesday 19 March 2024
 
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Danish moves

, February 25, 2015

The MV Maersk Mc-Kinney Moller, the world's biggest container ship, arrives at the harbour of Rotterdam in this file photo. Danish shipping and oil group A P Moller-Maersk said it would sell its 20 per cent stake in Danske Bank with the anticipated proceeds of about $5.5 billion going to shareholders. The world's largest container shipping company said the family foundation that controls the company has committed to buying 15 per cent of the country's largest bank and that the sale to the foundation ensures that Danske Bank remains Danish. In 2014 results issued on February 25, 2015, Maersk booked a $2.2 billion in impairment loss at its oil unit after oil prices slumped in the second half of last year and as Maersk Oil reassessed the value of its Brazilian assets.  Reuter/Michael Kooren/Files 




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