Popular News From Popular Sites: Maersk could hand back more cash to shareholders - analysts

Tuesday, September 23, 2014

Maersk could hand back more cash to shareholders - analysts

The MV Maersk Mc-Kinney Moller, the world's biggest container ship, arrives at the harbour of Rotterdam COPENHAGEN (Reuters) - Danish shipping group A.P. Moller-Maersk , which announced a maiden $1 billion (609.87 million pounds) share buyback last month, could be placed to hand back even more cash to investors, funded by asset sales and strong cash flows, analysts said. Speaking ahead of a day of investor and strategy meetings on Wednesday, analysts estimated the group could increase its distribution of cash to shareholders as much as ten times. The Danish shipping and oil group announced its first share buyback programme in its 110-year history in August. ...




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