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2017-08-21 19:10
Bloomberg

Maersk Stands to Get Another $7.5 Billion for Energy Divestments

REUTERS / Phil Noble
REUTERS / Phil Noble
Now that its oil and gas unit has been sold, A.P. Moller-Maersk A/S is planning separate divestments for the three remaining bits of what used to be a combined energy division, with estimates valuing those businesses at $7.5 billion in total.

The owner of the world‘s biggest container shipping line said on Monday it agreed to sell its oil and gas unit to Total S.A. for a combined $7.45 billion, with two-thirds of the amount being paid in the form of shares in the French company. Maersk said in June last year it was looking for ways to divest all of its energy business, which also comprises drilling, tankers and supply service units.

„We‘re looking at each of these businesses individually,“ Maersk CEO Soren Skou told Bloomberg Television‘s Francine Lacqua on Monday. „I don‘t think there‘s a case for combining them and selling them off as one.“

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