Svitzer jumps over 30% after APMH Invest's offer

Svitzer A/S

02/04/2025 08:14

** Shares of Svitzer SVITZR.CO soar 31% after APMH Invest made an all-cash voluntary recommended purchase offer for the Danish towage and marine services provider spun off from Maersk MAERSKb.CO last year

** APMH Invest, fully owned by A.P. Møller Holding, offers DKK 285 per share, translating to a premium of about 31.7% vs Tuesday's closing share price

** The offer values Svitzer's total share capital at DKK 9.0 billion ($1.3 billion)

** APMH controls shipping giant A.P. Moller-Maersk and currently owns 47% of Svitzer

($1 = 6.9117 Danish crowns)

 (Reporting by Marta Frackowiak)

 ((marta.frackowiak@thomsonreuters.com))