January 7, 2014

A.P. Møller - Mærsk A/S — Sale of shares in Dansk Supermarked A/S and F. Salling A/S

ANNOUNCEMENT

 

 

 

 

 

A.P. Møller - Mærsk A/S — Sale of shares in Dansk Supermarked A/S and F. Salling A/S

 

 

Today, A.P. Møller — Mærsk A/S (APMM) has entered into an agreement to sell shares in Dansk Supermarked A/S and F. Salling A/S (the "Companies") to F. Salling Invest A/S and F. Salling Holding A/S (jointly the "Salling Companies").

 

The Salling Companies will acquire 48.68 % of the shares in Dansk Supermarked A/S and 18.72% of the shares in F. Salling A/S (the "Transaction"). 5 years after closing of the Transaction the Salling Companies have a call option on the remaining 19% in each of the Companies owned by APMM and APMM has a put option for its remaining shares in each of the Companies.

 

Total enterprise value for the Companies is DKK 41 billion. The accounting gain for the APMM Group is expected to be around DKK 14 billion depending on the timing of closing of the transaction. The transaction will generate cash proceeds of around DKK 17 billion.

 

The agreement is subject to regulatory approval from relevant authorities. Closing is expected to take place during 1st half of 2014.

 

Copenhagen, 7 January 2014

 

Contact persons:

Head of Investor Relations, Henrik Lund, tel. +45 3363 3106

Head of Media Relations, Louise Münter, tel. +45 3363 1912

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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