AP Moller-Maersk has launched a new share buy-back programme of DKK 10bn ($1.6bn) following another stellar quarter.
The Danish shipping giant will acquire a first tranche of $500m in shares starting December, with the remainder to be purchased over a 15-month period.
The decision is supported by strong earnings and free cash-flow generation seen in 2020, the company said.
That had led to further deleveraging and an improved credit rating.
