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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