Maersk senior VP: Divestment is a relatively quick transaction

For Denmark as well as for Maersk Group, the divestment of Maersk Oil to Total was the right solution, says the CEO of the Energy division Claus Hemmingsen to ShippingWatch. There were many inherent uncertainties in a listing, he says.

Photo: Maersk Drilling

It was the right solution for Maersk Group and for Denmark to sell Maersk Oil instead of listing the division, which had been one of the other options for the oil company, says Claus Hemmingsen.

Hemmingsen is senior vice president of Maersk and CEO of Maersk Energy, and he spoke with ShippingWatch on the day of the group's announcement that Maersk Oil had been sold to French Total.

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