Maersk narrows bidders for USD 1 billion refrigerated container unit

Industry experts have stated that the next round of bidding has now commenced for Maersk's refrigerated container business, which could be valued at as much as USD 1 billion. China International Marine Containers Group Co. and Midea Group Co. are among suitors entering into the next round of bidding for A.P. Moller-Maersk's refrigerated container business.

US air conditioning giant Carrier Global Corp. and transport temperature-control systems manufacturer Thermo King Corp. are proceeding into the second round as well. Japan's Daikin Industries Ltd. and buyout firm Triton were invited to submit offers also.

Allegedly, Maersk plans to collect binding bids by late July. A deal could help Carrier, Daikin and Thermo King in expanding their temperature-controlled container manufacturing business, while Chinese household appliance giant Midea has been looking to diversify into new areas.

Triton, which primarily invests in European countries and focuses on the industrial, business services, consumer and health care sectors, has raised EUR 15.6 billion (USD 19 billion) since its inception in 1997.


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