Maersk sells oil business for US$7.45bn
Maersk has agreed to sell Maersk Oil to Total for US$7.45bn, in the first big sale of its energy segment, as it seeks to focus on its transport businesses.
Last year, the Danish conglomerate unveiled a restructuring strategy to offload its four energy arms, with the sale of Maersk Oil representing the first major development.
On the day of the announcement, its stock rose by 5.7%, adding nearly US$2bn to its market value.
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