AP Moller-Maersk has sold its ferry and logistics company Norfolkline to Danish ferry operator DFDS for €346m ($435.6m), becoming the majority shareholder in DFDS in the process.

A total of €170m ($214m) will be paid in cash and the remainder in DFDS shares, according to tradingmarkets.com.

DFDS said it raised gross proceeds of DKK554.7m ($93m) in the rights issue and an additional DKK1.562bn ($263m) in the private placement.

Maersk agreed to sell Norfolkline to DFDS on a debt-free basis in December 2009 and was approved by the European Commission on 18 June 2010.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData