Maersk sells oil tankers division to owner for $1.71 billion dealStaff Writer | September 20, 2017
A.P. Moller-Maersk has agreed a $1.71 billion deal to sell its oil tanker division to its controlling shareholder, who in turn will enter an ownership consortium with Japan’s Mitsui & Co.
Shipping An ownership consortium with Mitsui
A.P. Moller Holding, a wholly-owned fund established by the founder of A.P. Moller-Maersk with approximately $20 billion under management, will take ownership of Maersk Tankers through its subsidiary APMH Invest.
Maersk said the new owner will establish an ownership consortium for Maersk Tankers’ fleet with Mitsui & Co. and other potential partners, but that A.P. Moller Holding will remain the majority shareholder. ■