Independent journal on economy and transport policy
08:55 GMT+1
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the Maersk group sells the oil company Maersk Oil to Total
the transaction will have a value of 7,45 billion dollars
August 21, 2017
The shipowning, trasportistico shipowning group and energetic Danish A.P. Møller-Mærsk has undersigned today an agreement in order to sell own oil company Maersk Oil to the French oil group Total. The transaction will have a total value pairs to 7,45 billion dollars. In the specific one, with the cession the Danish group will receive 97,5 million dollars of actions of Total of the total value pairs to 4,95 billion dollars and 3.76% about of the entire capital stock of Total; moreover the French group will make cargo of a debit in the short term of 2,5 billion dollars through a put into effect operation of debt push down from A.P. Møller-Mærsk in Maersk Oil.
To completion of the operation the Danish center of the Maersk Oil will become the regional headquarters for all the activities of the Total group in Denmark, Norway and Holland.
In the 2016 Maersk Oil it has contributed with 4,81 billion dollars to 35,46 billion dollars of total revenues of group A.P. Møller-Mærsk. The oil company had closed the exercise anniversary with an EBITDA of 2,60 billion dollars (- 5.4% on 2015) and with an operating profit and profit clearly pairs respective to 1,41 billion and 477 million dollars regarding sign results negative and pairs respective to -1,97 billion and -4,15 billion dollars in exercise 2015.
In the first semester of the 2017 revenues of Maersk Oil they are piled to 2,74 billion dollars, with an increment of +18.7% on the first half of 2016. EBITDA and EBIT have attested to 1,66 billion dollars (+41.2%) and 1,07 billion dollars (+116.9%). The profit after the taxes has been pairs to 519 million dollars (+408.8%).
Maersk Oil appoints to a job some four thousand people. Last year the production of the company has been pairs to an average of 313 thousand barrels of oil to the day.
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The shipowning, trasportistico shipowning group and energetic Danish A.P. Møller-Mærsk has undersigned today an agreement in order to sell own oil company Maersk Oil to the French oil group Total. The transaction will have a total value pairs to 7,45 billion dollars. In the specific one, with the cession the Danish group will receive 97,5 million dollars of actions of Total of the total value pairs to 4,95 billion dollars and 3.76% about of the entire capital stock of Total; moreover the French group will make cargo of a debit in the short term of 2,5 billion dollars through a put into effect operation of debt push down from A.P. Møller-Mærsk in Maersk Oil.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
