The main shareholder and the chairman of Danish shipping group A.P. Moller-Maers...
COPENHAGEN - The main shareholder and the chairman of Danish shipping group A.P. Moller-Maersk both backed management’s efforts to reshape the business, although other investors raised concerns on Tuesday about the rate of progress.
“It’s been a tough year, but there have also been many good things in our transformation,” she added. She declined to set a date for when the turnaround should be done. Leading Danish pension fund ATP, which held 1.4 percent of Maersk’s share capital as of the end of last year, was more critical. Maersk board chairman Jim Hagemann Snabe said external factors were the reason that 2018 was not financially satisfying despite progress.
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