Equinor Completes 10% Stake Acquisition in Orsted for $2.3B [Yahoo! Finance]
Equinor ASA (EQNR)
Last equinor asa earnings: 2/6 12:43 am
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Source: Yahoo! Finance
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% stake, equivalent to 840,764 shares, was purchased. The total consideration for the transaction was USD 2.3 billion, reflecting a volume-weighted average price of DKK 398.5 per share. This valuation is based on a USD/DKK exchange rate of 7.15. This acquisition positions Equinor strategically within the global renewable energy space, aligning with its transition goals. As the second-largest shareholder in Orsted, Equinor reinforces its influence as a leading offshore wind and renewa
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EQNR
Earnings
- 10/24/24 - Beat
EQNR
Sec Filings
- 12/23/24 - Form 6-K
- 12/17/24 - Form 6-K
- 12/13/24 - Form 6-K
- EQNR's page on the SEC website