One of Europe’s biggest industrial conglomerates is debating whether to split itself up after Denmark’s AP Møller-Maersk fired its chief executive and launched a sweeping strategic review.
Maersk’s shares jumped 12 per cent on Thursday after news of the potential shake-up and the appointment of Soren Skou, the head of container shipping unit Maersk Line, as group chief executive. He will replace Nils Andersen from Friday next week.
As well owning the world’s largest container shipping line, Maersk has an oil exploration business, drilling rigs, port terminals, and various logistics and other marine services. Mr Skou will lead the strategic review.