Emerging market slump a chance to invest: Maersk

[COPENHAGEN] AP Moeller-Maersk A/S, Denmark's biggest company, is using a slump in emerging markets (EM) as an opportunity to invest, chief executive officer Nils Smedegaard Andersen said.

"When we invest in ports and other infrastructure projects, we're often competing with financial investors," the 55-year-old CEO said in a phone interview. "With fewer financial investors interested in growth markets, that can open up investment opportunities for us."

Maersk, which owns a container line, a port operator and an oil division, invested about US$7 billion globally last year, focusing on emerging markets. This year's rout from Argentina to India won't prompt the company to scale back its commitment to the group of countries, Mr Andersen said.