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Maersk Mc-Kinney Moeller

August 21, 2014

Danish shipping company Maersk Line, owned by the McKinney-Moeller family, is to buy back $1 billion (€750 million) in shares - the first buyback scheme in its 110-year history. 

Danish shipping company Maersk Line, owned by the McKinney-Moeller family, is to buy back $1 billion (€750 million) in shares - the first buyback scheme in its 110-year history. 

The world’s largest shipping company said this week it would complete the buy back over the next 12 months, with the possibility of buying more shares in future. 

April 16, 2012

Shipping tycoon Arnold Maersk Mc-Kinney Moeller, who ran the Danish business his father founded for almost 40 years, died on 16 April aged 98. 

Shipping tycoon Arnold Maersk Mc-Kinney Moeller, who ran the Danish business his father founded for almost 40 years, died on 16 April aged 98.

Moeller passed away in his sleep, after being admitted to hospital last week, according to reports.

A statement from the family business said: “Will and energy characterised Maersk Mc-Kinney Moeller's endeavours.”

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