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Maersk launches EUR2 billion share buyback program

Published 05/02/2025, 19:32
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Investing.com -- Maersk, the Danish shipping company, announced on Wednesday that it has launched a share buyback program.

The program, worth up to 14.4 billion Danish crowns (EUR 2billion), is set to be carried out over a 12-month period.

Maersk had previously suspended its buyback program in February of the previous year. This decision was made due to market uncertainties, which were caused by disruptions in the Red Sea.

The first phase of the new buyback program will commence on February 26 and continue until August 6.

During this phase, the total market value of shares to be acquired will be limited to 7.2 billion Danish crowns, as stated by the company.

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