22FEB2019 - NEWS - Denmark based shipping giant Maersk to separate its drilling activities through a demerger and separate listing of Maersk Drilling Holding

Danish shipping giant Maersk has recently decided to initiate the separation of its drilling activities through a demerger and separate listing of Maersk Drilling Holding. According to the company, the shares in Maersk Drilling and its subsidiaries, as well as certain other assets and liabilities, will be contributed to a new company, Maersk Drilling Listco. The shares will be admitted for trading and official listing on Nasdaq Copenhagen. Following the signing and publication of statutory demerger documents on March 4, 2019, Maersk intends to propose the demerger for approval by the shareholders on April 2, 2019. The anticipated first day of trading for the shares of Maersk Drilling Listco on Nasdaq Copenhagen is on April 4, 2019.

Published by Editor - www.Livebunkers.com at 22-Feb-2019 05:52:40 [UTC] , contact editor at editor@livebunkers.com