A.P. MOLLER MAERSK TO SPLIT INTO TRANSPORT, ENERGY DIVISIONS

Danish oil and shipping conglomerate A.P. Moller-Maersk said on Thursday it would split the the group into separate businesses for transport and energy as it faces headwinds in both sectors. “The industries in which we are operating are very different, and both face very different underlying fundamentals and competitive environments,” chairman Michael Pram Rasmussen said in a statement.

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