Maersk completes sale of Total shares
SHORT NEWS: Maersk Oil Trading and Investments, a wholly-owned subsidiary of A.P. Møller - Mærsk has announced that it has sold 17,272,593 existing ordinary shares in Total, representing its entire shareholding in Total, through an accelerated book-building process.
Gross sale proceeds of the offering amount to approximately EUR 884 million, equal to EUR 51.18 for each ordinary share. The sale will be settled on 22 March 2019.
Barclays Bank PLC and Citigroup Global Markets Ltd. acted as Joint Global Coordinators and Bookrunners in connection with the offering.