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September 20, 2017

Mærsk to sell tanker business to APMH Invest for $1.1bn

Denmark-based A.P. Møller-Mærsk (Maersk) has entered a deal to sell its tanker business unit Maersk Tankers to A.P. Moller Holding subsidiary APMH Invest for $1.1bn in cash.

Denmark-based A.P. Møller-Mærsk (Maersk) has entered a deal to sell its tanker business unit Maersk Tankers to A.P. Moller Holding subsidiary APMH Invest for $1.1bn in cash.

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Under the agreement, A.P. Moller Holding will take over the entire organisation, portfolio, and obligations of Maersk Tankers. The company will also assume all outstanding capital commitments of the fleet renewal programme.

Scheduled to be completed next month, the deal represents the second transaction under Maersk Tankers’ strategy to separate its oil and oil-related activities.

Maersk CEO Søren Skou said: “As former CEO of Maersk Tankers for more than ten years, I recognise the importance of having an owner with a long-term market view in this industry, and this is why I am pleased that Maersk Tankers can continue to build on its strong name and position under A.P.Moller Holding.

"A.P. Moller Holding will take over the entire organisation, portfolio, and obligations of Maersk Tankers."

“Having determined the future ownership of Maersk Tankers, we have taken yet an important step in our strategy to free up resources and focus future growth in Maersk on container shipping, ports, and logistics.”

Maersk Tankers has been a part of Maersk since 1928 and is currently engaged in the transportation of refined oil products worldwide.

With a workforce of 3,100 employees, the company operates a fleet of 161 product tanker vessels.


Image: Maersk Tangier vessel at sea. Photo: courtesy of A.P. MOLLER – MAERSK.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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