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    MAERSK B   DK0010244508

A.P. MØLLER - MÆRSK A/S

(MAERSK B)
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Delayed Nasdaq Copenhagen  -  05/19 10:59:58 am EDT
19505.00 DKK   -4.71%
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Maersk Strikes Deal to Buy LF Logistics for $3.6 Billion

12/22/2021 | 02:08am EDT

By Joshua Kirby

AP Moeller-Maersk AS said Wednesday it has agreed to buy LF Logistics Holdings Ltd. in an all-cash deal.

The Danish shipping company said it would acquire 100% of the private, Asia-Pacific-based logistics company for an enterprise value of $3.6 billion.

An earn-out of up to $160 million linked to future financial performance has been agreed upon as part of the deal, Maersk said.

The Wall Street Journal reported Tuesday that Maersk was nearing a deal to buy LF Logistics for about $3 billion.

The deal is expected to close in 2022 and unlock substantial synergies, Maersk said Wednesday.

On Monday, French conglomerate Bollore SE said it had received a $6.4 billion offer from Geneva-based Mediterranean Shipping Co. to buy its African logistics assets. If the deal goes through, it will give MSC, the world's second-biggest container ship operator, control of 16 terminals in Ivory Coast, Ghana, Nigeria and Gabon along with three rail concessions.

This comes amid investments by a slew of boxship operators in terminals, new ships and other assets following a bumper profit year when most operators made four times as much as they did in 2020, on the back of high demand for manufactured goods during the pandemic.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

12-22-21 0208ET

Stocks mentioned in the article
ChangeLast1st jan.
A.P. MØLLER - MÆRSK A/S -4.71% 19505 Delayed Quote.-12.71%
BOLLORÉ SE -0.13% 4.774 Real-time Quote.-2.97%
S&P 500 -0.58% 3900.79 Real-time Quote.-17.68%
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Analyst Recommendations on A.P. MØLLER - MÆRSK A/S
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Financials (USD)
Sales 2022 76 042 M - -
Net income 2022 23 527 M - -
Net cash 2022 8 246 M - -
P/E ratio 2022 2,15x
Yield 2022 18,6%
Capitalization 51 152 M 51 152 M -
EV / Sales 2022 0,56x
EV / Sales 2023 0,67x
Nbr of Employees 95 000
Free-Float 42,2%
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Technical analysis trends A.P. MØLLER - MÆRSK A/S
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Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 2 775,40 $
Average target price 3 627,47 $
Spread / Average Target 30,7%
EPS Revisions
Managers and Directors
Søren Skou Chief Executive & Operating Officer
Patrick Jany Chief Financial Officer & Executive Vice President
Robert Mærsk Uggla Chairman
Navneet Kapoor EVP, Chief Technology & Information Officer
Sven Arne Karlsson Independent Director