Maersk reduces its stake in Hoegh Autoliners

Höegh Beijing

Denmark’s Maersk Group has further reduces its stake in Hoegh Autoliners with the sale of 13.47 million shares, corresponding to around 7.1% of the company, Alphaliner says.

Maersk received NOK 61 per share in the sale, equivalent to around USD 80 million. However, the Danish group retains a €19.3 million stake in the car transport operator, making it the second largest shareholder after Norway’s Leif Höegh & Co.

The Maersk group sold 18 car carriers to Hoegh Autoliners in 2008 and, as part of the deal, simultaneously became a shareholder with a 37.5% stake.

Source: Alphaliner

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