Maersk Broker has completed a management buyout from long-standing owner the Mc-Kinney Moller family.

The current management and employees of Copenhagen-based Maersk Broker will undertake the buyout and operate the firm under its new name, MB Shipbrokers. No financial details have been disclosed.

Maersk Broker said the change of ownership “is based on a common ambition of the seller and the buyer to preserve the more than 100 years legacy and to secure the company’s position long-term, under a new name with a new ownership structure”.