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AP Moeller - Maersk A/S (MAERSKb.CO)

MAERSKb.CO on Copenhagen Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Maersk sells tanker unit to controlling shareholder; Mitsui to enter ownership consortium
Wednesday, 20 Sep 2017 02:44am EDT 

Sept 20 (Reuters) - A.P. MOLLER-MAERSK MAERSKB.CO SAYS::HAS ENTERED INTO AN AGREEMENT TO SELL SHARES IN MAERSK TANKERS A/S (MAERSK TANKERS) TO APMH INVEST A/S (APMHI) FOR $1.17 BILLION ON A DEBT AND CASH-FREE BASIS.APMHI IS A 100% OWNED SUBSIDIARY OF A.P. MOLLER HOLDING A/S WHO IS CONTROLLING SHAREHOLDER OF APMM.HAS BEEN INFORMED THAT APMHI IS PLANNING TO SUBSEQUENTLY ESTABLISH AN OWNERSHIP CONSORTIUM FOR MAERSK TANKERS' FLEET WITH MITSUI & CO. LTD.PROCEEDS FROM DISPOSAL WILL BE USED BY APMM TO REDUCE DEBT.TRANSACTION HAS NO IMPACT ON APMM'S FINANCIAL GUIDANCE FOR 2017.  Full Article

Cosco Shipping Ports unit enters into MOU with APM Terminals
Monday, 11 Sep 2017 04:49am EDT 

Sept 11 (Reuters) - Cosco Shipping Ports Ltd <1199.HK>:MOU in relation to sale & purchase of about 76 percent of issued share capital of APMTZ for EUR35.0 million .Proposed acquisition of interest in APM Terminals Zeebrugge NV.Unit entered into a legally binding MOU with APM Terminals.APM terminals will acquire from SIPG shares followed by sale of SIPG shares with shares held by APM terminals to CSPD.APM terminals informed company that its original acquisition costs of sales shares amount to about EUR89.8 million in total.  Full Article

BRIEF-Cosco Shipping Ports unit enters into MOU with APM Terminals
Monday, 11 Sep 2017 04:49am EDT 

Repeats item with no changes to text:MOU in relation to sale & purchase of about 76 percent of issued share capital of APMTZ for EUR35.0 million .Proposed acquisition of interest in APM Terminals Zeebrugge NV.Unit entered into a legally binding MOU with APM Terminals.APM terminals will acquire from SIPG shares followed by sale of SIPG shares with shares held by APM terminals to CSPD.APM terminals informed company that its original acquisition costs of sales shares amount to about EUR89.8 million in total.  Full Article

Maersk's APM Terminals sells share in Brazil port
Tuesday, 5 Sep 2017 02:17am EDT 

Sept 5 (Reuters) - A. P. MOLLER-MAERSK'S PORT OPERATOR APM TERMINALS SAYS:SELLS ITS 5 PERCENT SHARE IN TERMINAL DE CONTÊINERES DE PARANAGUÁ (TCP) TO CHINA MERCHANTS PORT HOLDINGS 0144.H.THE SHARE SALE WAS INITIATED AND LED BY ADVENT, WHO IS THE CONTROLLING SHAREHOLDER OF TCP.PRICE AND TERMS WERE NOT DISCLOSED AND THE SHARE SALE IS SUBJECT TO THE NORMAL REVIEWS AND CONDITION PRECEDENTS.THE EXIT REFLECTS THE COMPANY’S BROADER PORTFOLIO MANAGEMENT STRATEGY TO FOCUS ON CORE ASSETS AND DIVEST NON-CORE ASSETS.  Full Article

Statoil plans further cost cuts at giant Sverdrup oilfield
Monday, 4 Sep 2017 06:55am EDT 

Sept 4 (Reuters) - Statoil Executive Vice President Margareth Oevrum told Reuters on Monday::Statoil has an "internal target" to further cut the cost of developing the first phase of the Johan Sverdrup oilfield in the North Sea.Statoil earlier on Monday announced the first phase of Sverdrup had been cut by 5 billion Norwegian crowns ($640.80 million) on top of earlier reductions nL8N1LL0BE.  Full Article

Total says Maersk Oil $3 bln decommissioning liabilities taken into account
Monday, 21 Aug 2017 08:47am EDT 

Aug 21 (Reuters) - Total :CEO Patrick Pouyanne says the company took account of about $3 billion decommissioning liabilities linked to Maersk Oil deal valuation..Total <<>> is buying Maersk's oil and gas business in a $7.45 billion deal which the French energy major said would strengthen its operations in the North Sea and boost earnings and cash flow. nL8N1L70XF."We took all rights and obligations of the portfolio. In terms of cash flow, it is limited in impact on the first years and postponed beyond 2035-2040, so the decommissioning liabilities are fully taken into account and there are no surprises," Pouyanne told analysts in a call. .  Full Article

Maersk CEO says has not decided whether to take board seat at Total
Monday, 21 Aug 2017 04:32am EDT 

Aug 21 (Reuters) - A.P. MOLLER - MAERSK A/S CEO SOREN SKOU ON INVESTOR CALL FOLLOWING ANNOUNCEMENT THAT FRENCH OIL MAJOR TOTAL IS BUYING MAERSK OIL IN A $7.45 BILLION DEAL :SAYS HAS BEEN OFFERED BOARD SEAT AT TOTAL, "WE ARE STILL TO CONSIDER AND DECIDE WHAT TO DO WITH THAT".  Full Article

Maersk has agreed to sell Maersk Oil to Total S.A.
Monday, 21 Aug 2017 02:58am EDT 

Aug 21 (Reuters) - DANISH SHIPPING COMPANY MAERSK MAERSKB.CO SAYS:HAS ENTERED INTO AN AGREEMENT TO SELL MAERSK OIL TO TOTAL S.A. FOR USD 7.45BN IN A COMBINED SHARE AND DEBT TRANSACTION.WILL RECEIVE AN ENTERPRISE VALUE PER 30 JUNE 2017 OF USD 7.45BN PAID BY 97.5M SHARES IN TOTAL S.A. WITH A VALUE OF USD 4.95BN EQUAL TO APPROX. 3.76 PCT OF TOTAL S.A.IN ADDITION TO SHARES TOTAL S.A. IS ASSUMING A SHORT TERM DEBT OF USD 2.5BN VIA DEBT PUSH DOWN FROM APMM INTO MAERSK OIL.TOTAL S.A. WILL TAKE OVER ALL DECOMMISSIONING OBLIGATIONS CURRENTLY AMOUNTING TO USD 2.9BN.PLANS TO RETURN A MATERIAL PORTION OF VALUE OF RECEIVED TOTAL S.A. SHARES TO APMM SHAREHOLDERS DURING COURSE OF 2018/19 IN FORM OF EXTRAORDINARY DIVIDEND, SHARE BUYBACK AND/OR DISTRIBUTION OF TOTAL S.A. SHARES.CLOSING IS EXPECTED TO TAKE PLACE DURING Q1 2018.  Full Article

Maersk CEO says no indication of customer loss due to June cyber attack
Wednesday, 16 Aug 2017 06:00am EDT 

Aug 16 (Reuters) - A.P. MOLLER-MAERSK MAERSKB.CO CEO SOREN SKOU AT A CONFERENCE CALL::SEES NO INDICATION THAT CUSTOMERS ARE WALKING AWAY FROM MAERSK LINE BECAUSE OF JUNE CYBER ATTACK.CONTAINER LOADING VOLUMES RETURNED TO NORMAL IN MID-JULY AFTER JUNE 27 CYBER ATTACK.LOADING VOLUMES DROPPED FROM 210,000 40-FOOT EQUIVALENT (FFE) CONTAINERS IN WEEK STARTING JUNE 26 TO 160,000 FFE IN WEEK STARTING JULY 3.LOADING ROSE TO 180,000 FFE IN WEEK STARTING JULY 10, AND RETURNED TO NORMAL LEVEL AROUND 210,000 FFE THE FOLLOWING WEEK.  Full Article

Maersk CEO says container shipping fundamentals at best level since 2010
Wednesday, 16 Aug 2017 02:32am EDT 

Aug 16 (Reuters) - A.P. MOLLER-MAERSK MAERSKB.CO CEO SOREN SKOU SAID IN AN INTERVIEW::CONTAINER SHIPPING FUNDAMENTALS CURRENTLY AT BEST LEVEL SINCE 2010."RELATIVELY POSITIVE" ON OUTLOOK FOR GLOBAL CONTAINER SHIPPING INDUSTRY.CEO SAYS UNDERLYING Q2 RESULT DRIVEN BY HIGHER FREIGHT RATES, "GOOD FUNDAMENTALS".CEO SAYS GROWTH IN CONTAINER SHIPPING DEMAND HAS OUTPACED GROWTH IN NEW VESSEL CAPACITY SINCE Q3'16.CEO SAYS EXPECTS NEW VESSEL ORDERS TO FALL FURTHER.  Full Article

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Maersk sells oil tankers to owner, opening door to Mitsui

COPENHAGEN A.P. Moller-Maersk has agreed a $1.71 billion deal to sell its oil tanker division to its controlling shareholder, who in turn will enter an ownership consortium with Japan's Mitsui & Co .