REUTERS - Danish shipping and oil conglomerate A.P. Moller-Maersk MAERSKb.CO said on Thursday it will separate its businesses into separate transport and energy divisions in a bid to better tackle the problems facing its struggling businesses.
The focus will be on establishing an integrated transport and logistics company, while its oil and oil-related business will either individually or in combination be separated from the company, Maersk said.
The 112-year-old group said in June it had asked new chief executive Soren Skou to look into potentially breaking up the group, whose shipping and energy operations are both struggling.
(Reporting by Jacob Gronholt-Pedersen; editing by Jason Neely)
Disclaimer: No Business Standard Journalist was involved in creation of this content
