Maersk Oil Trading and Investments, a wholly-owned subsidiary of A.P. Møller – Mærsk, has sold its ordinary shares in French energy giant, Total.
Maersk received gross sale proceeds of around €884m ($1bn) for its 17.27m shares, offered to it as part of the deal to take over Maersk Oil a year ago in the Danish company’s ongoing divestment of non-container related investments.
Barclays and Citigroup acted as joint global coordinators and bookrunners for the placing.