Danish conglomerate Maersk will float its oil business but has dropped plans to list its smaller business units, a news report said.
“Maersk Oil will, according to the plan, be listed separately, and it will happen within the next six to 12 months,” a source told Danish newspaper Berlingske.
The report said Maersk Supply Service and Maersk Drilling won’t be listed.
The sources did say, however, that a final decision on the IPO of Maersk Oil had yet to be taken, and that a merger with another player, or a divestment, was still a possibility.
In September, Maersk announced plans to split into two separate divisions – transport and logistics and energy.
The group intends to have a plan in place for the separation by the end of 2018.