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Maersk family left with a fifth of Noble following merger

The merger of Maersk Drilling and Noble creates the world's largest drilling company measured in market value. The Maersk family, which has pulled out of oil activities, are left with a 21 percent stake in the company. ShippingWatch has interviewed chair Claus V. Hemmingsen on the merger.

A.P. Møller Holding, headed by Robert Mærsk Uggla, are left with a sharehold of 21 percent. | Photo: Tycho Gregers/Ritzau/Ritzau Scanpix

The merger between Maersk Drilling and US-based Noble Corporation's drilling activities will significantly alter the ownership influence on the part of the Maersk family's traditionally dominant position, just as hundreds of Maersk employees are currently awaiting further notice about the future of their jobs.

The new company, operating under the Noble brand, will be based in Houston, Texas, and headed by a new CEO, as Maersk Drilling's CEO steps down upon completion of the merger.

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