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| Total to buy Maersk Oil in $7.45-billion deal http://www.epgeology.com/news-f37/total-buy-maersk-oil-billion-deal-t16546.html |
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| Author: | NewsPoster [ Tue Aug 22, 2017 10:44 am ] |
| Post subject: | Total to buy Maersk Oil in $7.45-billion deal |
OGJ Production News Total SA plans to acquire 100% of the equity of Maersk Oil & Gas AS, a wholly owned subsidiary of AP Moller-Maersk AS of Copenhagen, for $4.95 billion in Total shares. Total also will assume $2.5 billion of Maersk Oil’s debt as part of a move that bolsters the French supermajor’s North Sea position.
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