A.P. Moller Holding A/S acquires Maersk Tankers A/S and secures strategic partnership21.09.2017
A.P. Moller Holding A/S has acquired Maersk Tankers A/S from A.P. Møller - Maersk in an all-cash transaction for an enterprise value of USD 1.171 bn plus an agreed contingent payment reflecting a positive market development.
Maersk Tankers has been a part of A.P. Moller - Maersk since 1928 and is one of the largest product tanker companies in the world, transporting refined oil products globally. The company employ 3,100 people and has a fleet consisting of 161 product tanker vessels. With this acquisition, A.P. Moller Holding aspires to remain an engaged owner and contributor to Maersk Tankers’ future development as an industry leading platform for own and third-party vessels.
New ownership consortium with Mitsui & Co. Ltd. as strategic partner
A.P. Moller Holding has simultaneously announced that the company will establish an ownership consortium for Maersk Tankers' fleet with leading Japanese trading company, Mitsui & Co. Ltd., as strategic partner, and other potential partners, in which A.P. Moller Holding will be majority shareholder.
Bruun & Hjejle has advised A.P. Moller Holding A/S on the acquisition of Maersk Tankers A/S and the establishment of the new ownership consortium with Mitsui as strategic partner. Closing of the acquisition is expected to take place in October 2017. The strategic partnership with Mitsui is subject to merger control and is expected to be completed in Q1 2018.
About A.P. Moller Holding
The purpose of A.P. Moller Holding is to exercise the Foundation’s role as an engaged owner in the spirit of A.P. Møller and to ensure that the Foundation can continue to contribute to society in the form of donations for generations to come.
About Mitsui & Co. Ltd
Mitsui is one of the most diversified and comprehensive trading, investment and service enterprises in the world, with 139 offices in 66 countries as of September 2017.
For further information, please contact:
Andreas Nielsen, partner +45 30 18 87 32
Morten Jensen, partner + 45 30 18 87 64