Maersk Sets a New Course With Breakup
On Sept. 22, following a strategic review initiated by new CEO Soren Skou, no-moat Maersk announced the restructuring of the group into two separate divisions: transport and logistics, and energy. We expect to make only minor adjustments to our fair value estimate to reflect the additional cost benefits from the new structure, but believe the shares are currently fairly valued based on our DKK 9100 fair value estimate.The move to restructure the business is a welcome one in our view, as we beli...
A.P. Moeller Maersk is an international shipping company. Co.'s operating segments are: Container shipping and related activities which include global container services, inland transportation, manufacturing and repair of containers and container depots, and logistics and forwarding activities; APM terminals; Tankers, offshore and other shipping activities which include tanker shipping of crude oil, oil products and gas, offshore drilling activities and operation of land rigs, supply vessel activities with anchor handling and platform supply vessels, ferry services and door-to-door transportation in Northern Europe; Oil and gas activities; Retail activity; and Shipyards and other activities.
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