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Maersk open for the sale of supermarket giant in Denmark

Thursday, 24 October 2013
Danish industrial giant, AP Moller-Maersk Group is prepared to off load some of its supermarket portfolios such as Netto, Føtex and Bilka. If a suitable buyer interested in taking the stores is found.Marsk

According to Danish daily, Berlingske, which interviewed Maersk CEO, Nils Smedegaard Andersen, questions on issues ranging from ‘rumour’ of  selling Danish Supermarkets as well as its stake in Danish Bank, Danske bank were posed.
He said that Danske Bank is a long term investment that “we will continue to hold, but it is not part of the core business”
“…And we have a number of other companies that we have said we consider as investments and those we will sell if there is another, better interested owner, and we can find some better constructive engagements,” he answered according to Berlingske.
Jacob Pedersen, an analyst at Sydbank thinks it's a great idea to sell if the price is good. It will streamline the group.

“Maersk has a dedicated focus on the shipping and oil industries, and it is difficult to understand why the Danish Supermarket continues to be part of the group when it is so far from the core business,” Pedersen said.

Danish Supermarket or Dansk Supermarked includes 1,241 Net / DøgnNetto stores, 87 Føtex - supermarket stores, 18 Bilka stores and two Sailing department stores.
According to Berlingske, there are no obvious buyers for Danish Supermarket, which has been part of the Maersk Group since 1964.
By Scancomark.com Team

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