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Maersk Buys into Brazil Blocks

Dec 24, 2010

Danish shipping and oil company Maersk is acquiring stakes in 3 pre-salt oil blocks in Brazil for $2.4bn from Korean oil refiner and marketer SK Energy. Maersk's head of investor relations Henrik Lund says the acquisition will be financed with cash on hand and that no debt...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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