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France's Total to buy Maersk Oil for $7.45 billion

Published by Hurriyet on Mon, 08/21/2017 - 12:54

French oil giant Total said on Aug. 21 that it would buy Maersk Oil, a unit of the Danish shipping giant A.P. Moller-Maersk, for $7.45 billion (6.35 billion euros).

The company said the deal would make Total the second-largest operator in the North Sea, with substantial operations in Britain, Norway and Denmark.