A.P. Møller – Maersk is moving forward with the demerger and separate listing of Maersk Drilling Holding, as the company aspires to focus on shipping and trade. The decision was made official in August 2018. The shares from the demerger will be contributed to a new company under the legal name ‘The Drilling Company of 1972 S/A’. The company will be known as ‘Maersk Drilling Listco’.
The approval of shareholders will be official at a meeting in April, according to the company. The first day of trading for the shares of Maersk Drilling Listco on Nasdaq Copenhagen is April 4, 2019.
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After being approved by the shareholders, the company will mainly focus on shipping products and will also focus on the logistics sector.
In addition, due to the company’s decision to get an insight in shipping and trade, Maersk announced that Damco’s Supply Chain Services and Maersk Line’s Ocean Product will be integrated and will be sold as Maersk products and services.
The above integration is a big milestone for Maersk, as the company will now be able to reach into markets covering the whole journey from producer to consumer. The aim of the restructure is to ensure an improved customer experience with less touchpoints and a more comprehensive service offering.
