Skip to main content

 

 

MAERSK DRILLING TO BE SEPARATED FROM A.P. MOLLER - MAERSK

Thursday, February 21, 2019 

The A.P. Møller - Mærsk Board of Directors has now decided to initiate the separation of A.P. Moller - Maersk's drilling activities through a demerger.

The shares in Maersk Drilling Holding A/S and its subsidiaries as well as certain other assets and liabilities will be contributed to a new company with the legal name 'The Drilling Company of 1972 A/S' and thereafter the company will be referred to as Maersk Drilling.

Following the anticipated signing and publication of statutory demerger documents on 4 March 2019, the Board of Directors of A.P. Moller - Maersk intends to propose the demerger for approval by the shareholders at the A.P. Moller - Maersk Annual General Meeting on 2 April 2019.

"Maersk Drilling is an industry leader in the global offshore drilling market, based on its well-reputed and safe operations and a fleet that is among the youngest and most advanced in the industry. The demerger will create a listed Danish-based offshore drilling company with a clear investment profile and long-term development prospects. Maersk Drilling is well-positioned to capitalise on the value creation opportunity of a globally leading pure play offshore drilling company to the benefit of both its long-term blue-chip customer base, as well as its investors", said Claus V. Hemmingsen, Vice CEO of A.P. Moller - Maersk and Chairman of the Maersk Drilling Board of Directors.

Reader Comments (0)

There are currently no comments on this article. Why not be the first and leave your thoughts below.

Leave Your Comment

Please keep your comment on topic, any inappropriate comments may be removed.

Return to index

Web Analytics