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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| AP Moller Maersk (PK) | USOTC:AMKBF | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1,636.0779 | 1,492.19 | 1,903.01 | 0.00 | 19:00:01 |
From Nov 2019 to Nov 2024
By Flemming Emil Hansen
COPENHAGEN--Danish shipping and oil company A.P. Moller Maersk A/S (MAERSK-B.KO) signed a loan agreement with China Development Bank Friday for $500 million, which is to be used to purchase containers.
The loan agreement was signed in Copenhagen by Maersk Chief Financial Officer Trond Westlie and China Development Bank Vice Governor Gao Jian on Chinese President Hu Jintao's 3-day state visit to Denmark, which began June 14.
Maersk has previously taken loans totalling $1 billion from China Delopment Bank.
During the first-ever Chinese state visit to Denmark, Danish companies, organizations and ministries have used the opportunity to sign a long list of collaboration, exports and investment deals.
In addition to the loans agreement, Maersk's port operating arm APM Terminals has also signed a joint port development project with Ningbo Port. Co., which entials a $500 million investment by Maersk.
Write to Flemming Emil Hansen at flemming.hansen@dowjones.com
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