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Candidate for divestment

Candidate for divestment
Danish shipping and oil conglomerate A.P. Moller-Maersk (MAERSKb.CO) sees its retail business as part of a focus area for further investment

Danish shipping and oil conglomerate A.P. Moller-Maersk (MAERSKb.CO) sees its retail business as part of a focus area for further investment.

Danish shipping and oil conglomerate A.P. Moller-Maersk (MAERSKb.CO) sees its retail business as part of a focus area for further investment.

The retail business -- Maersk owns two thirds of a company with supermarkets and a minority stake in department stores in Denmark -- has long been seen by analysts as a candidate for divestment.

"Denmark's AP Moller-Maersk Group would target spending on its oil and gas business, its container-handling terminals and retailing," Chief Executive Nils Andersen told.

Andersen called the areas "our focus area for investments", adding "it of course depends on what opportunities come up", the FT said.

Maersk spokesman Michael Storgaard, who confirmed Andersen's comments, said that, although some analysts had speculated the retail business could come up for sale, "I don't think that has ever been said on the company's side."

www.TurkishMaritime.com.tr

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