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    Home > Finance > Equinor raises Orsted stake to 10%, as planned
    Finance

    Equinor raises Orsted stake to 10%, as planned

    Published by Global Banking & Finance Review®

    Posted on December 23, 2024

    1 min read

    Last updated: January 27, 2026

    This image illustrates Equinor's strategic investment, raising its ownership in Orsted to 10%. It highlights the significance of this financial move in the renewable energy sector.
    Equinor increases its stake in Orsted to 10%, reflecting strategic investment - Global Banking & Finance Review
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    Quick Summary

    Equinor has increased its stake in Orsted to 10%, purchasing an additional 0.2% as planned. The investment totals USD 2.3 billion.

    Equinor Boosts Orsted Stake to 10% as Planned

    OSLO (Reuters) - Equinor said on Monday 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.

    (Reporting by Terje Solsvik, editing by Louise Rasmussen)

    Key Takeaways

    • •Equinor increases its stake in Orsted to 10%.
    • •The additional 0.2% stake aligns with Equinor's plans.
    • •The purchase was made at 398.5 Danish crowns per share.
    • •Total investment valued at USD 2.3 billion.
    • •Transaction approved under Foreign Direct Investment regulations.

    Frequently Asked Questions about Equinor raises Orsted stake to 10%, as planned

    1What is the main topic?

    The main topic is Equinor's increase of its stake in Orsted to 10%.

    2Why did Equinor increase its stake?

    Equinor increased its stake as part of its strategic investment plans in the energy sector.

    3How much did Equinor invest?

    Equinor's total investment for the 10% stake was USD 2.3 billion.

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