UK shipping and ports group P&O has sold out its P&O Nedlloyd stake to AP Moller-Maersk, accepting slightly less than the offer price for an early sale.
The Danish giant, working through the Nordea and Danske banks, will pay EUR 56.25 ($67.64) per share, a discount of EUR 0.75 to the offer price of EUR 57.
This will give P&O EUR 571m in total, compared to EUR 579 at the full price, for its 25% holding in the Dutch containership line.
It
