YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Total to buy Maersk’s oil and gas business

Posted online

French energy giant Total agreed to buy Danish container shipping company A.P. Moller-Maersk's oil and gas business.

The $4.95 billion deal values Maersk's oil and gas business at $7.45 billion, including debt.

“This transaction delivers an exceptional opportunity for Total to acquire, via an equity transaction, a company with high quality assets which are an excellent fit with many of Total’s core regions,” Total CEO Patrick Pouyanne said in a news release.

Read more from The New York Times.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
From the Ground Up: Republic Intermediate School

The Republic School District is on track to open its Intermediate School for fifth- and sixth-grade students for the 2025-26 academic year.

Most Read
Update cookies preferences