France’s Total buys Denmark’s Maersk Oil

EPA/MAURITZ ANTIN/FILE PICTURE

An exterior view of the Danish Maersk shipping company headquarters, Copenhagen, Denmark. French energy major Total announced on August 21 that it has agreed to buy the oil and gas exploration and production unit of Danish conglomerate AP Moller-Maersk for $7.45 billion.

Deal to boost Total’s North Sea operations


French energy major Total announced on August 21 that it has agreed to buy the oil and gas exploration and production unit of Danish conglomerate AP Moller-Maersk for $7.45 billion. The deal would allow Total to manage its North Sea operations from Denmark and supervise Total’s operations in Denmark, Norway and the Netherlands.

“This transaction delivers an exceptional opportunity for Total to acquire, via an equity transaction, a company with high quality assets which are an excellent ...


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