Danish shipping giant AP Moller-Maersk has decided to spin off Maersk Drilling through a stock exchange listing in Copenhagen next year.
After evaluating options that also included selling the rig player, the owner has concluded that listing Maersk Drilling as a standalone company “presents the most optimal prospects for its shareholders”, AP Moller-Maersk said.
The drilling company was one of four oil-related Maersk subsidiaries that were earmarked for divestment two years ago as the parent company decided to focus on its shipping and transport businesses.
