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Maersk share buyback plan may cap gains of bond holders

Prospects of ratings upgrade dim as it sells assets and distributes cash

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Debt holders in AP Moeller-Maersk are looking on as the world's biggest shipping company uses its excess cash to enrich shareholders in a strategy shift that threatens to cap its bond gains - PHOTO: AFP

[COPENHAGEN] Debt holders in AP Moeller-Maersk are looking on as the world's biggest shipping company uses its excess cash to enrich shareholders in a strategy shift that threatens to cap its bond gains. Chief executive officer Nils Smedegaard Andersen said last week he will start the Copenhagen

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