Maersk Oil Sold to Total for $7.45b in Combined Share, Debt Deal
Alert: HALISTER
Source: BFW (Bloomberg First Word)
Tickers
FP FP (TOTAL SA)
MAERSKB DC (AP Moller - Maersk A/S)
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UUID: 7947283
(Bloomberg) -- Maersk to get 97.5m shares in Total S.A. with a value of $4.95b, equal to approx. 3.76% of Total. Total is also assuming a short term debt of $2.5b via debt push down from Maersk group into Maersk Oil.
- Subject to meeting its investment grade objective, Maersk plans to return a material portion of the value of the received Total shares to shareholders in 2018/19 in the form of extraordinary dividend, share buyback and/or distribution of Total shares
- Transaction gain after tax for Maersk amounts to $2.8b
- Deal completion expected Q1 2018
Alert: HALISTER
Source: BFW (Bloomberg First Word)
Tickers
FP FP (TOTAL SA)
MAERSKB DC (AP Moller - Maersk A/S)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283