No appetite for acquisitions – for now
by
Jim Wilson
—
last modified
Feb 26, 2010 04:09 PM
AP MOLLER Maersk chief executive Nils Andersen has ruled out a plan to acquire any of its ailing rivals as a way to capitalise in what remains an over-tonnaged and uncertain global container market.
Maersk’s focus remained on running its own business, though Mr Andersen remained a firm believer in not letting governments prop up struggling lines.
“We’re not looking specifically now to buy companies or wanting to push anybody into further financial problems,...
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