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Maersk Drops Investment Banks to Do Review on Its Own, CFO Says

A.P. Moeller-Maersk A/S, which is conducting a review that may lead to the breakup of the 112-year conglomerate, is taking on the task without help from investment banks, its chief financial officer said.

“We haven’t engaged any outside resources to have a central role in the work of the content of the review,” Trond Westlie, the CFO of Denmark’s biggest company, said in a phone interview. “It doesn’t mean that we don’t want to talk to any outsiders or use outside skills in special areas. But the central content of the review is being handled by internal resources.”