Maersk chief Eivind Kolding named chairman of Danske Bank

MAERSK Line's chief executive officer Eivind Kolding is likely to become chairman of Denmark's largest bank, Danske Bank, since its present chairman Alf Duch-Pedersen announced he would stand down at its next general meeting March 29.


The move coincides with the Danish lender's new share issue worth DKK20 billion (US$3.6 billion) to fund payment of its state loan valued at DKK24 billion.


Maersk owns a 20 per cent stake in Danske Bank, one of the biggest banks in Scandinavia, and will need to fund its share in order to retain a controlling stake, said London's Containerisation International.


The news follows the Danish carrier's record ship orders for the largest class vessel of ten 18,000 TEU valued at US$2 billion, a deal worth $5.7 billion should an option to purchase a further 20 be exercised.


The Triple-E vessels with specifications of 400 metres length, 59 metres wide and 73 metres high will be built by Korea's Daewoo Shipbuilding & Marine Engineering for delivery 2013 to 2015.
(Source:http://www.schednet.com)