Image: Drillship Maersk Viking. Courtesy: Maersk Drilling
Business Thesis
The case of Maersk Drilling is more comfortable to analyze because the Danish maritime industry giant A.P. Moller Maersk (the Maersk group) revealed publicly its intention to sell its offshore drilling subsidiary by the end of 2018.
Maersk Drilling’s separate financing is expected to release cash proceeds of around USD 1.2bn to A.P. Moller - Maersk.
Maersk Group has been active in divesting its energy-related businesses since early 2016, following the company's decision to split the Group into two divisions:
- One focusing on shipping and logistics,