A.P. Moller convenes stockholders to approve merger

A.P. Moller convenes stockholders to approve merger    The two main stock market-listed arms of the A.P. Moller group — Aktieselskabet Dampskibsselskabet Svendborg and Dampskibsselskabet af 1912 Aktieselskab — have set the agenda for two extraordinary general meetings of stockholders to approve a plan to merge the two companies.
   The meeting for the Svendborg arm of the group is scheduled for June 12 and the 1912 company meeting will be June 10.
   The two public companies also propose to increase their share capital by issuing bonus shares, before they become a single merged entity renamed “A.P. Moller – Maersk A/S.”
   The two companies are the nucleus of the A.P. Moller group, the largest industrial group in Denmark. A.P. Moller said in early May that the two companies had total assets of DKK126 billion ($18 billion) as of Jan 1.
   A.P. Moller is the parent company of Maersk Sealand, Safmarine Container Lines, APM Terminals, Odense Shipyard, Maersk Air, Maersk Tankers and other companies in shipping, retail, oil extraction and other sectors.