newstodate.aero
MAY 12, 2005 (newstodate): The Danish transport and logistics company A.P. Moller - Maersk A/S has announced its intention to make a conditional public offer for the entire share capital of its Dutch competitor, Royal P&O Nedlloyd NV.
While the deal aims at further consolidation of A.P. Moller's already dominant position in the seafreight container market, it will also comprise 50 percent of the shares in Martinair, with the remainder of the stake held by the Dutch carrier KLM.
The A.P. Moller Group has never succeeded in making its airline, Maersk Air, profitable and a sale has long been on the agenda.
With the planned new acquisition of P&O Nedlloyd, the A.P. Moller Group's involvement in aviation would however be further deepened.
While the deal aims at further consolidation of A.P. Moller's already dominant position in the seafreight container market, it will also comprise 50 percent of the shares in Martinair, with the remainder of the stake held by the Dutch carrier KLM.
The A.P. Moller Group has never succeeded in making its airline, Maersk Air, profitable and a sale has long been on the agenda.
With the planned new acquisition of P&O Nedlloyd, the A.P. Moller Group's involvement in aviation would however be further deepened.