Investors leery of Maersk oil plans

Major investors, including Carnegie Worldwide, have announced plans to reduce their holdings of shares in A.P. Moller-Maersk, Denmark’s largest company, due to concerns that it is pumping too much money into oil exploration. Carnegie and other institutional investors described the investments as “high-risk”. Nils Andersen, Maersk’s chief executive, said it should come as no surprise to investors that it takes large investments to explore for oil. He added that the conglomerate’s oil activities were starting to show improvement. – Børsen