AP Moller Holding takes over Ocean Yield

AI Summary

AP Moller Holding is acquiring Norwegian ship-leasing company Ocean Yield from funds managed by KKR in a deal involving ownership of the Lysaker-based firm. This acquisition reflects significant movements in the maritime shipping leasing market.

AP Moller Holding has agreed to acquire Norwegian shipleasing specialist Ocean Yield from funds managed by US investment company Kohlberg Kravis Roberts (KKR). No price was disclosed for the deal, which will see a subsidiary of the Danish investment company take 100% of the Lysaker-based owner. Under KKR ownership, Ocean Yield invested more than $3bn …