1. Maersk to raise $1.76 billion in share sale
- Author
-
Adams, Elizabeth
- Subjects
A.P. Moller-Maersk A/S -- Planning ,A.P. Moller-Maersk A/S -- Finance ,A.P. Moller-Maersk A/S -- Securities ,A.P. Moller-Maersk A/S -- Company sales and earnings ,Shipping industry ,Company business planning ,Company financing ,Company securities ,Company earnings/profit ,Banking, finance and accounting industries ,Business ,Business, international - Abstract
To shore up its finances, shipping firm A.P. Moller-Maersk A/S plans to raise 9.2 billion Danish kroner through the sale of 5.7% of its total share capital, 250,340 B-shares. The shares closed at 36,900 kroner on Tuesday. Maersk reported a second-quarter loss of 3.67 billion kroner, compared with a profit of 11.59 billion kroner a year earlier.
- Published
- 2009