French group Total buys Maersk Oil in $7.5 billion deal

21 August 2017, Paris/Copenhagen — Total (TOTF.PA) is buying Maersk Oil in a $7.45 billion deal which the French oil major said would boost its earnings and cash flow, and bolster its dividend prospects. Danish company AP Moller Maersk (MAERSKb.CO) is selling its Maersk Oil division to Total to focus on other activities including its […] More »