A.P. Moller - Maersk Updates Shareholders On Plans To Spin-Off Energy Business

Maersk Share Price

Maersk Share Price has outperformed the wider market with heavy trading yesterday on the news.

The stock is up over 15% since the start of the year, outperforming the wider market, which is up around 5%.

Analysts at Jefferies said the move would "unlock significant shareholder value" and could see Maersk shares rise by 11%.

Energy Spin-Off

The Danish shipping and logistics giant said it plans to spin off its energy business by the end of 2023.

The new company will be called Maersk Energy and will include Maersk's oil and gas exploration and production business, as well as its offshore wind and solar businesses.

Maersk said the spin-off will allow it to focus on its core shipping business.

Focus on Core Business

Maersk CEO Soren Skou said the spin-off will allow the company to "focus on our core business and strengthen our position as a global leader in container shipping."

"Maersk Energy has a strong track record and a bright future," Skou said. "However, we believe that it can reach its full potential as an independent company."

Maersk said it will provide more details about the spin-off in due course.

Analyst Views

Analysts say the move is a positive one for Maersk and its shareholders.

"The spin-off will allow Maersk to focus on its core shipping business and improve its financial performance," said Lars Jensen, an analyst at SeaIntelligence Consulting.

"Maersk Energy is a non-core asset that has been a drag on the company's earnings," Jensen said. "The spin-off will allow Maersk to shed this non-core asset and improve its overall profitability."

Conclusion

The spin-off of Maersk Energy is a major strategic move for the company.

The move will allow Maersk to focus on its core shipping business and improve its financial performance.

Analysts say the move is a positive one for Maersk and its shareholders.