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Equinor Completes 10% Stake Acquisition in Orsted for $2.3B
EQNREquinor(EQNR) ZACKS·2024-12-27 21:21

Equinor ASA (EQNR) , the Norwegian energy giant, has successfully completed its acquisition of a 10% shareholding in Denmark-based Orsted, a move initially announced on Oct. 7, 2024. This development solidifies Equinor’s standing as the second-largest shareholder in Orsted, following the Danish State, which maintains a controlling stake.The final acquisition was executed after obtaining necessary approvals under applicable Foreign Direct Investment regulations. To reach the 10% mark, an additional 0.2% stak ...