EU Commission clears sale of Maersk Oil to Total

A.P. Moeller-Maersk has received approval from the EU Commission to sell oil company Maersk Oil to France's Total.

Photo: /ritzau/Claus Bonnerup

The EU Commission has cleared A.P. Moeller-Maersk's sale of oil company Maersk Oil to French Total, informs the Commission in an update Wednesday. A deadline for the approval had been set for Friday this week.

It was announced in August that Maersk had reached agreement with French competitor Total to sell Maersk Oil in a transaction pricing the oil company at USD 7.45 billion.

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