Maersk to list drilling division as standalone operation
Aug. 17, 2018
A.P. Moller - Maersk believes listing Maersk Drilling as a standalone company presents the best way forward for the company.
Maersk Deliverer
Offshore staff
COPENHAGEN, Denmark – A.P. Moller - Maersk believes listing Maersk Drilling as a standalone company presents the best way forward for the company, allowing it to continue as globally operating offshore drilling company with long-term development prospects.
The process is under way for the listing in 2019, with debt financing of $1.5 billion secured from a consortium of international banks to ensure a strong capital structure after the listing.
Chairman of the A.P. Moller - Maersk Board of Directors Jim Hageman Snabe said: “The Maersk Drilling team has done a remarkable job operating the business at a time of high uncertainty and is well positioned to become a successful company on Nasdaq Copenhagen.”
