Danish A.P. Møller – Mærsk A/S has decided to
initiate a share buy-back program of up to DKK 10 billion (around USD
1.5 billion).
The company said that the buyback would cover a maximum of 3.12 million shares to be acquired over a period of up to 15 months.The initiative follows the closure of the second phase of the share buyback, which started in September 2019. The total market value of the shares acquired in the second phase amounted to DKK 3.3 bn (USD 492 million).The third phase of the program is scheduled to run from March 4 up to July 24, 2020....
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