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Maersk has sold its 10.2% stake in Höegh Autoliners, at a time when car-carriers are in enormous demand.
The Danish liner giant sold its 20 million shares in the Scandinavian car-carrier company for about NOK90 ($8.44) per share. Höegh’s share price briefly dipped this morning to NOK88.5 before returning to NOK91.3.
There is speculation as to the motive behind the sale, given the continued upward momentum in car-carrier fundamentals.
Perhaps Maersk is seeking to raise cash after a significant downturn in its Q3 ...
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