OSLO – On Monday, Equinor (NYSE: EQNR) said it has bought an additional stake of 0.2% in Danish energy group Orsted, raising its ownership to 10%, in line with the Norwegian group’s previously stated intention.
Equinor first announced its purchase of a 9.8% stake in the Danish offshore wind farm developer in October this year.
“Following approvals under applicable Foreign Direct Investment regulations, Equinor has acquired an additional 0.2% shareholding,” the Norwegian group said in a statement on Monday.
The volume-weighted average price for the 10% stake was 398.5 Danish crowns per share, equalling a total consideration of USD 2.3 billion based on an exchange rate of 7.15 Danish crowns per U.S. dollar, Equinor said.
