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AP Moller - Maersk Group

Digital millennials at legacy family businesses can follow Maersk rescue

February 21, 2019

Millennials in the board room are best placed to embrace the digital revolution at their legacy family businesses, a family business expert says.

Millennials in the board room are best placed to embrace the digital revolution at their legacy family businesses, a family business expert says.

The world’s far-reaching technological shift was a factor in the break-up of the 115-year-old Danish family-owned business Maersk, according to Professor Philippe Pelé-Clamour (pictured), HEC Paris adjunct professor specialised in executive education.

FB Roundup: Grosvenor, Maersk, Kinnevik, and Electrolux

August 24, 2018

Grosvenor’s Wheatsheaf invests in Australian AgTech firm, Maersk makes pioneering Arctic voyage, and three family-backed investors take stake in Swedish food app Karma.

Grosvenor’s Wheatsheaf takes £8m stake in AgTech firm

Britain’s wealthiest land-owning family has completed an £8 million ($10.3 million) transaction for a minority stake in AgriWebb, the Australian market leader in livestock farm management software.

FB Roundup: Maersk, Samsung, and Koch Industries

February 8, 2018

Maersk charts blockchain future; Samsung heir’s release may boost economy; ads to help correct ‘misperceptions’ of Koch Industries

Maersk charts blockchain future

AP Moller—Maersk has entered into a joint venture with IBM and logistics company Agility, which aims to use blockchain technology to make the companies’ supply chains more efficient and secure.

Maersk, controlled by the eponymous family via AP Moller Holding A/S, wants to create a trade platform using distributed ledger technology, which establishes a shared, set-in-stone record of transactions. It also allows those within a particular network to access the data minutes after transactions take place.

Maersk oil deal ‘difficult’ for founding family

August 25, 2017

AP Moller-Maersk is to sell its oil and gas assets to French firm Total for $7.45 billion, a decision the matriarch of the founding family described as “difficult, but right”.

AP Moller-Maersk is to sell its oil and gas assets to French firm Total for $7.45 billion, a decision the matriarch of the founding family described as “difficult, but right”.

The agreement follows an announcement late last year by Maersk that it would split its operations into two entities, one focussed on energy (Maersk Oil), the other on container shipping, ports and logistics (Maersk Line).

McKinney Møller family eyes active management at Maersk as profits plummet

February 16, 2017

The McKinney Møller family intends to directly own – partly or as a majority shareholder – several Maersk-related entities following key strategic changes at the Danish transport-to-energy behemoth Maersk Group.

The McKinney Møller family intends to directly own – partly or as a majority shareholder – several Maersk-related entities directly following key strategic changes at the Danish transport-to-energy behemoth Maersk Group.

The announcement comes as the 113-year-old Danish company replaced its chairman of 14 years and posted its second heaviest loss in seven decades.

Maersk Line announced historic share buyback scheme

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.

Maersk Mc-Kinney Moeller dies after “long and eventful life”

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.”