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Total acquires Maersk Oil for $7.45 billion

  • Region:

    Denmark

  • Sector:

    Energy

  • Deal Size:

    $7.45 billion

  • Buy Side Company:

    Total S.A.
  • Sell Side Company:

    AP Moller-Maersk
  • Target Company:

    Maersk Oil

Total is acquiring Maersk's oil and gas business in a $7.45 billion deal, Reuters reported. According to the terms of the deal, A.P. Moller Maersk will receive $4.95 billion worth of Total shares and Total will assume $2.5 billion of Maersk Oil's debt.

Tags:

M&A,M&A deals,mergers and acquisitions,energy deals,oil and gas