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Total acquires Maersk Oil for $7.45bn in share and debt transaction

Total company announced in a statement that its boards and A.P. Møller-Mærsk boards have approved Total acquisition of 100% of the equity of the E&P company Maersk Oil & Gas A/S (Maersk Oil), in the form of a debit and share transactions. Both boards agreed that This proposed transaction is subject to the applicable legally …

Nihal Samir

Suez Canal negotiates with foreign shipping lines to prepay transit fees 3 years in advance

The Suez Canal Authority, in coordination with the Central Bank of Egypt (CBE), started direct negotiations with several international shipping lines, including Maersk, CMA CGM, and MSC, to prepay transit fees three years in advance. The negotiations included France, Switzerland, and Denmark. These negotiations complement the negotiations opened by the authority with the representative offices …

Mohamed Ahmed

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