AP Moller-Maersk checks out of Dansk with $861m

AP Moller-Maersk has continued its round of asset sales, checking out of its investment in Dansk Supermarked Group in a DDK 5.5bn ($861m) deal.

The transaction follows the divestment of Maersk Oil and Maersk Tankers and ends the conglomorate’s six-decade involvement with the supermarket group.

AP Moller and Herman Salling co-invested in Dansk Supermarked in 1964 and the shipowner’s pullout had been expected in 2019 under a plan agreed in 2014.