Mærsk Mc-Kinney Møller
Mærsk Mc-Kinney Møller in his office in front of the world map with up-to-date vessel positions.

Enter Danske Bank, in which the Maersk family owns a 20.9% stake, or 187.2m shares. It was worth $6.7bn last year, but has since fallen 40.8% to $3.98bn.

There might be other minor investments I might have overlooked, but based on this data, the paper loss for the family is $5.59bn.

Which is puzzling, because APMM is in the middle of one of the most important and ambitious corporate restructurings of its recent history, and its capital allocation – ergo, its dividend policy ...

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