Maersk Gets Tyra Tax Break, Can Move On With Oil Demerger — Panjiva
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Maersk Gets Tyra Tax Break, Can Move On With Oil Demerger

Corp - Shipping 1027 Denmark 9 Energy - Refined Oil 203 Finance 118 Logistics 476 Mergers 220

The Danish government’s move to provide $3.8 billion of tax breaks for Maersk’s Tyra gas field investment removes one hurdle for the demerger of its oil business. A final decision on the investment is due later this year. That could lead the oil division to become cash consumptive, supporting the company’s demerger decision. With Tyra out of the way Maersk now faces an EU decision on its Hamburg Sud acquisition around April 10 and needs to announce financing terms, possibly on May 11.

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