Maersk plans to sell the remaining stake in Denmark's Danske Bank as the shipping conglomerate undergoes a restructuring aimed at improving its focus.
The Soren Skou-led company will sell 16.2 million shares, accounting for a 1.6% stake, of Danske Bank. At Tuesday's closing price, the stake is worth approximately DKK 3.3bn ($495m).
The price per share will be determined through an accelerated bookbuilding process to institutional investors.
