Equinor keeps options open for Orsted stake
Published by Global Banking and Finance Review
Posted on September 10, 2025
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by Global Banking and Finance Review
Posted on September 10, 2025
OSLO (Reuters) -Equinor believes in offshore wind farm developer Orsted's core business but is not at a stage where the two will merge their renewables businesses, the Norwegian group's board chair said on Wednesday.
Oil group Equinor holds a 10% stake in Orsted and has said it will take part in the Danish group's emergency rights issue designed to fund U.S. projects thrown into uncertainty by President Donald Trump's opposition to wind farms.
"We are convinced that there is a robust value case here, and that's what we're looking for," Equinor Chair Jon Erik Reinhardsen said on the sidelines of an energy conference in Oslo.
"We have open minds in terms of what it leads to," he said when asked if the Equinor may raise its stake in Orsted.
Some analysts have said Equinor would be open to spinning off its own renewables unit and merge it with Orsted.
"It might be one of many options, but again, we are not at that stage at the moment, that we are sitting and ranking options," Reinhardsen said.
Orsted's shares traded up 2.9% at 1208 GMT.
(Reporting by Nerijus Adomaitis, writing by Anna Ringstrom and Stine Jacobsen, editing by Terje Solsvik)