AP Moller-Maersk has secured the separation of the first of its four energy divisions as part of the Danish giant’s move to exit the oil business.
Total has swooped for Maersk Oil and Gas in a $7.45bn stock and debt transaction.
The deal could see Robert Maersk Uggla-led AP Moller Holding, the largest shareholder in AP Moller, retain an interest in the oil and gas business as the stock involved in the deal will be handed over via a special dividend.
