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Maersk to spin off drilling, hand Total shares to investors

Friday, August 17, 2018 - 01:35

Container and shipping giant Moller-Maersk says it's to spin off its offshore drilling operation and list it in Copenhagen next year as it focuses entirely on transport and logistics. As David Pollard reports, the Danish company, which cut its full-year profit outlook this month, last year sold Maersk Oil to French oil major Total in a $7.5 billion deal as part of its restructuring.

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Container and shipping giant Moller-Maersk says it's to spin off its offshore drilling operation and list it in Copenhagen next year as it focuses entirely on transport and logistics. As David Pollard reports, the Danish company, which cut its full-year profit outlook this month, last year sold Maersk Oil to French oil major Total in a $7.5 billion deal as part of its restructuring.

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Maersk to spin off drilling, hand Total shares to investors

Friday, August 17, 2018 - 01:35