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 »