Maersk: boosted by sale of Maersk Oil.
(CercleFinance.com) - Maersk is up 4.
1% on Denmark's OMX today, following the announcement of the sale of the Danish maritime carrier's subsidiary Maersk Oil to Total, for 7.45 billion dollars in a stock and debt transaction.
The agreement provides that the Danish giant in maritime transport will receive a consideration of 4.95 billion dollars in Total shares and Total will take on 2.5 billion dollars of Maersk Oil's debt.
Total has also offered a seat on its board of directors to AP Møller Holding, Maersk's majority shareholder. The transaction is set to be closed in the first quarter of 2018 and will be effective from 1 July 2017.
Copyright (c) 2017 CercleFinance.com. All rights reserved.