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Total to acquire Maersk Oil for $7.45 billion

French group Total will buy the oil and gas unit of Danish company A.P. Moller-Maersk for $7.45 billion.

Under the preliminary terms of the agreement, Maersk will receive a consideration of $4.95 billion in Total shares. Total also will assume $2.5 billion of Maersk Oil's debt.

The deal is expected to be closed in the first quarter of 2018. As a result of the agreement, Total should become the second largest operator of fuel transportation in North-West Europe.

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