Maersk heir to preserve life's work

Maersk heir to preserve life's work

25-03-2013 12:00:00

Daughter of Mærsk Mc-Kinney Møller, Ane Mærsk Mc-Kinney Uggla, wants A.P. Moller - Maersk to be preserved as a conglomerate.

Investors in the stock market can protest as much as they want, but fact of the matter is, that the structure in AP Moller - Maersk, Denmark’s largest business group, won’t be changed. It will continue being a conglomerate; a corporation that is made up of a number of different, unrelated businesses.

So states Ane Maersk Mc-Kinney Uggla, one of the deceased Maersk Mc-Kinney Møller's three daughters, in an interview with Berlingske.

A year ago, she took over the chairmanship of the AP Møller Foundation, in her father’s place. Now she makes it clear that her father’s life's work will continue just as before, with the container shipping company Maersk Line in the center of operations.

“The company can’t stand alone. We are a group of companies. It has served us for 100 years, we believe in that. In the future we will continue to have more than one leg to stand on”, says Ane Maersk Mc-Kinney Uggla to Berlingske.

In other words, it is not an option to split up the group, despite stock analysts and experts having warmly advocated the group to do so for several years.
“From a stock market point of view, it is wrong to maintain Maersk as a combined company. You will get the optimal pricing by splitting the four core areas into four different companies”, says equity analyst Lars Heinsdorff from the fiscal house ABG Sundal Collier.

Source: epn.dk and Berlingske

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