|Bid||42.90 x 1100|
|Ask||43.20 x 25000|
|Day's Range||42.28 - 42.72|
|52 Week Range||40.53 - 49.50|
|PE Ratio (TTM)||14.29|
|Dividend & Yield||2.95 (5.89%)|
|1y Target Est||N/A|
PARIS/COPENHAGEN (Reuters) - Total (TOTF.PA) 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. For Danish company A.P. Moller Maersk (MAERSKb.CO), the sale of Maersk Oil, with reserves equivalent to around 1 billion barrels of oil, fits with a strategy of focusing on its shipping business and other activities announced last year. Total expects its biggest oil deal since it acquired Elf in 2000 to generate financial synergies of more than $400 million per year, in particular by combining assets in the North Sea.
French oil company Total has agreed to acquire Danish conglomerate A.P. Moeller-Maersk’s oil unit for $4.95 billion, the latest sign activity is returning to the sector following a three-year slump in ...
Maersk will receive 97.5 million shares in Total