COPENHAGEN, Sept 2 (Reuters) - A placement of shares in Danish shipping and oil group A.P. Moller-Maersk was priced at 33,000 crowns per share on Wednesday, at a discount of 10.6 percent to Tuesday's closing price.
The company said it successfully placed 250,340 treasury B shares with institutional investors. The stock was equal to about 5.7 percent of Maersk's total share capital.
'The company will receive gross proceeds of approximately 8.26 billion Danish crowns,' ($1.58 billion) Maersk said in a statement.
Maersk B shares ended down 8.1 percent at 33,900 crowns on the Copenhagen stock exchange on Wednesday, underperforming a 3.7 percent drop in the bourse's bluechip index.
Nordea, SEB, Bank of America Merrill Lynch and Calyon were the joint bookrunners for the placement.
(Reporting by John Acher) ($1=5.227 Danish Crowns) Keywords: MAERSK/PRICING (john.acher@reuters.com; +45 2630 9650 Reuters Messaging: john.acher.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The company said it successfully placed 250,340 treasury B shares with institutional investors. The stock was equal to about 5.7 percent of Maersk's total share capital.
'The company will receive gross proceeds of approximately 8.26 billion Danish crowns,' ($1.58 billion) Maersk said in a statement.
Maersk B shares ended down 8.1 percent at 33,900 crowns on the Copenhagen stock exchange on Wednesday, underperforming a 3.7 percent drop in the bourse's bluechip index.
Nordea, SEB, Bank of America Merrill Lynch and Calyon were the joint bookrunners for the placement.
(Reporting by John Acher) ($1=5.227 Danish Crowns) Keywords: MAERSK/PRICING (john.acher@reuters.com; +45 2630 9650 Reuters Messaging: john.acher.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.