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Total purchases Maersk Oil in an operation of 6.345 million euros

Total announced today the purchase of the Danish company Maersk Oil for 6,345.4 million euros ($ 7.45 billion) in an operation comprising its own shares and debt assumption, and Will particularly strengthen the French oil group in the North Sea, where it will become the "number two".

Paris, Aug 21 (EFE) .- Total announced today the purchase of the Danish company Maersk Oil for 6,345.4 million euros (7,450 million dollars) in an operation comprising its own shares and And will particularly strengthen the French oil group in the North Sea, where it will become "number two".

Total will retain 100% of the capital and To this end it will pay the equivalent of 4,216 million euros ($ 4,950 million) to its current owner, A.P. A number calculated on the basis of the average of the prices of the last 21 trading sessions, said in a statement.

In addition to this increase in reserved capital To A.P. The transaction, which was signed today, should be finalized in the first quarter of 2018, although the purchase will take effect on the 1st of July.

The French giant emphasized that this acquisition entails incorporating an "exceptionally complementary" portfolio of assets with what it already has, which will result in a Improving the competitiveness and value of its operations in many key regions.

First, it will add about 1 billion barrels, more than 80% North Sea, contributing to "the country's risk balance strategy".

It will contribute production equivalent to 160,000 barrels of oil per day, mainly in Liquid, whereby Total will pay an average price of 39,181 euros ($ 46,000) per barrel per day. Dollars) per barrel.

In addition, that production will increase to 200,000 barrels per day by the early 2020s.

Total expects "operational, commercial and financial synergies In excess of $ 400 million per year (€ 340.6 million) ", mainly due to the integration of business in the North Sea, as well as" an immediate positive effect "on its outcome Net income per share and its cash flow per share.

Its president, Patrick Pouyanné, emphasized that this purchase "significantly accelerates" its strategy to take advantage of Current market conditions and its strengthened balance sheet to add new reserves to "attractive" conditions.

In practice, the French group will now produce the equivalent of 3 Million barrels a day from 2019 for the benefit of all its shareholders, Pouyanné said. Møller-Mærsk, Denmark's largest industrial group, had announced last year its decision to divest its oil and gas business of low oil prices, Concentrating on its transport and logistics divisions.

The Danish group owns Maersk Line, the world's leading shipping company.

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