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Maersk sells oil division to Total

Maersk Oil has been sold for USD 7.45 billion to the same competitor that nabbed Al Shaheen from the Danish company.

Photo: /ritzau/CLAUS BONNERUP

Maersk Group has sold Maersk Oil to the French oil company Total today, Monday. The sale cashes in USD 7.45 billion for the group and is expected to be finalized in the first quarter 2018, writes Maersk in a corporate statement.

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