Maersk sells stakes in two supermarket chains

[COPENHAGEN] A P Moeller-Maersk plans to sell stakes in supermarket and department store units as the owner of the world's largest container shipping line divests assets that aren't related to transport and energy.

Maersk rose to the highest in more than six years after saying it will sell a 48.68 per cent holding in Dansk Supermarked and 18.72 per cent of F Salling to partners F Salling Invest and F Salling Holding.

Maersk will book a gain of 14 billion kroner (S$2.7 billion) out of proceeds of as much as 17 billion kroner, the Copenhagen-based company said yesterday in a statement.