Major shareholders sell Danish Ship Finance
The major shareholders in Danish Ship Finance - Danske Bank A/S, the Danish National Bank, A.P. Møller-Mærsk A/S and Nordea Bank AB - have sold their entire shareholdings of 72% of the share capital to Axcel, PFA and PKA. Danish Ship Finance prices the transaction at DKK 4.7bn. Plesner advised the sellers on the transaction.
The agreement is the termination of a strategic process that Danish Ship Finance started last summer to ensure the institute's continued development. To the shareholders - Danske Bank A/S, the Danish National Bank, A.P. Møller-Mærsk A/S and Nordea Bank AB, the agreement represents a divestiture of an activity that is not a part of their core business activities.
The other holders of class A shares in Danish Ship Finance will receive an offer to sell their class A shares on the same terms and conditions as in the just concluded agreement.
The transaction is conditional on the Danish FSA's and the relevant competition authorities' approval.