A.P. Moller-Maersk secures 99.67% of Royal P&O Nedlloyd shares
A.P. Moller-Maersk said today that by the expiry of the post-acceptance period on Aug. 23 it had secured 99.67 percent of the shares of Royal P&O Nedlloyd.
The Danish company said it will initiate the statutory squeeze-out procedure contemplated by the Dutch Civil Code in order to acquire all shares held by minority shareholders while payment for the shares that have been tendered during the post-acceptance period will made by Sept. 2.
Royal P&O Nedlloyd’s listing on Amsterdam’s Euronext stock exchange will be terminated Sept. 13, A.P. Moller-Maersk said.