Maersk's drilling unit lists separately at 570 crowns per share

COPENHAGEN: Shipping group A.P. Moller-Maersk spun off its drilling unit and listed it separately on the Copenhagen stock exchange on Thursday under the name The Drilling Company of 1972 A/S, which was traded at 570 Danish crowns per share at its market debut.

At book value in Maersk's account it would have traded around 600 crowns per share, Sydbank said. Maersk's shares, which now no longer include the value of the drilling company, were down 10 percent.