Henrik Franck, senior vice president at Maersk Broker, explains the decision to sell came amid the understanding the business required new investment to boost its competitiveness internationally.
It began looking for a buyer in the Autumn as it opted to focus on its core shipbroking activity, he said. Franck adds further asset sales are not on the cards.
Maersk Broker Agency, founded by AP Moller in 1915, is described as a strong strategic match by Shipping.dk
