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World’s Biggest Wind Turbine Maker Waves Goodbye to Oil Industry

Sale of oil assets is fueling Denmark’s green transition.
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In another sign that the petroleum era is drawing to a close, Denmark is selling off its last oil company with barely a peep.

Once considered a strategic asset, on a par with national carriers or shipyards, the oil and gas division of A.P. Moller-Maersk A/S is being bought by French giant Total SA. The $7.45 billion deal is expected to be completed by 2018, pending regulatory approval.