Robert Uggla’s AP Moller Holding has today completed the $1.17bn takeover of Maersk Tankers.

The deal, first announced last month, sees control of the products tanker specialist move from Copenhagen-listed AP Moller-Maersk into the hands of its dominant shareholder and founding family.

In a short statement confirming the transaction has been finalized, AP Moller-Maersk says the sale will have no impact on its full-year profit guidance.