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Possible buyers of Maersk Drilling plagued by debt or lacking capital

Potential buyers of Maersk Drilling are either weighed down by debt, or have just recently completed other acquisitions.

Maersk Drilling is still a long way off from finding a potential new owner, as potential buyers are either struggling with debt or have just carried out other acquisitions, reports Danish media Børsen.

Last week, Bloomberg reported that Rowan was rumored to be interested in Maersk Drilling, but Eirik Røhmesmo, analyst in Clarksons Platou Securities, points out that Rowan has a debt burden 4.33 times its earnings, which impedes purchasing power. As such, the company would need to issue new shares, but in a share deal Maersk would end up owning 70 percent of Rowan, which is not exactly the exit which Maersk is hoping for, says the analyst.

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