Equinor completes 10% stake of Orsted
General

Equinor completes 10% stake of Orsted

The volume weighted average price for the 10 percent stake is DKK 398.5 per share equaling a total consideration of US$ 2.3bn

  • By ICN Bureau | December 26, 2024

Equinor has completed the acquisition of 10 percent of the shareholding in Ørsted A/S (Ørsted) as announced on 7 October 2024.

Following approvals under applicable Foreign Direct Investment regulations, Equinor has acquired an additional 0.2 percent shareholding (corresponding to 840,764 shares) in Ørsted.

The volume weighted average price for the 10 percent stake is DKK 398.5 per share equaling a total consideration of US$ 2.3bn based on a USD/DKK exchange rate of 7.15.

Register Now to Attend Gujarat Chem & Petchem Conference 2025 on May 8-9th 2025, at Hyatt Place, Bharuch

Register Now to Attend NextGen Chemicals & Petrochemicals Summit 2025 on June 18-19th 2025, The Leela Mumbai

Other Related stories

Startups

Chemical

Petrochemical

Energy

Digitization