Equinor completes 10% stake of Orsted

Equinor completes 10% stake of Orsted

By: ICN Bureau

Last updated : December 26, 2024 5:10 pm



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


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.

Equinor Ørsted A/S

First Published : December 26, 2024 12:00 am