Approved purchase of Maersk by Total

The Administrative Council for economic Defense (Cade) approved the purchase of the assets of the Danish company Maersk by French Total. As reported previously by Offshore oil companies Panorama announced agreement at the end of August, the Total will pay $ $4.95 billion in stock by Maersk Olie and still will assume $ $2.5 billion in company debt.

According to Cade, the deal "does not show harmful potential competition, because it is active and the low participation of pre-operating market for applicants".

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