Tag Archives: maersk supply service

What Does Total’s Purchase Of Maersk Oil Mean For The Spinoff?

Earlier this week, French oil giant Total (TOT) agreed to purchase AP Moller Maersk’s (AMKBY) oil business for $4.95b in equity. The Danish shipping giant will receive Total shares as compensation, but in addition to the shares, the French company will also assume $2.5b in debt and certain decommissioning costs in the North Sea. In an interesting wrinkle,… Read More »