FT: Maersk close to acquisitions to bulk up land-based logistics

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The Financial Times writes:

AP Moller-Maersk is getting close to making a number of acquisitions to bulk up its land-based logistics business after the world’s largest container shipping group strengthened its balance sheet.

“The Danish group transports one-fifth of all seaborne freight but sells land-based logistic products to fewer than 20 per cent of its ocean customers, according to chief executive Soren Skou. “We need to accelerate the land side, we need to grow it, we need to make some bolt-on acquisitions . . . We are ...