Following a recent deal to sell its oil business, Danish shipping giant Maersk has now reached an agreement to sell its Maersk Tankers unit.
The company said on Wednesday it would sell the shares in Maersk Tankers to APMH Invest A/S (APMHI) for USD 1,171 mill. on a debt and cash-free basis.
APMHI is a 100% owned subsidiary of A.P. Møller Holding A/S who is the controlling shareholder of Maersk.