Comment / Svitzer skyrockets as Mærsk family squeezes out minorities

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Oh well, that was quick.

Now

“AP Møller Holding [APMH] doesn’t need APMM [AP Møller-Mærsk] to do deals in supply chain,” we wrote on 14 March.

And today, 2 April, APMH – the investment arm of the AP Møller Foundation owned by the Mærsk family – announced an “all-cash voluntary offer for Svitzer”, the tugboat company that was spun off by AP Møller-Mærsk about a year ago.

The offer was made by APMH’s fully owned subsidiary, APMH Invest (APMHI), which already owns 47% of ...