The parent company of discount retailer Netto, shipping-to-energy conglomerate A.P. Møller-Maersk, is to issue shares worth some US$1.8bn, the company said today (2 September).
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Maersk, which owns Netto through retailing arm Dansk Supermarked, said it plans to sell up to 250,340 treasury B shares – which equates to 5.7% of its share capital.
The company said it wanted the DKK9.2bn (US$1.8bn) share offer to give it “additional flexibility to pursue strategic opportunities”.
Last month, Maersk announced that half-year profits at Dansk Supermarked fell by over 9% on the back of lower sales.
