France's Total to buy Maersk's oil unit for $7.45 billion
French oil and gas company Total has agreed to buy Denmark-based Maersk's oil business for $7.45 billion (over â¹47,700 crore). Total has said the deal would strengthen its operations in the North Sea and boost earnings and cash flow. The deal is expected to be completed in the first quarter of 2018 and could see some job cuts.