Business
Equinor Raises Orsted Stake to 10%, as Planned
Published by Uma Rajagopal
Posted on December 23, 2024
1 min readLast updated: January 27, 2026
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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.
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)
Frequently Asked Questions about Equinor raises Orsted stake to 10%, as planned
1What is foreign direct investment?
Foreign direct investment (FDI) refers to an investment made by a company or individual in one country in business interests in another country, typically through establishing business operations or acquiring assets.
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3What is renewable energy?
Renewable energy is energy generated from natural resources that are replenished over short periods, such as solar, wind, hydroelectric, and geothermal energy.
4What is an investment?
An investment is an asset or item acquired with the goal of generating income or appreciation. Investments can include stocks, bonds, real estate, and other financial instruments.
5What is sustainability in finance?
Sustainability in finance refers to the practice of considering environmental, social, and governance (ESG) factors in investment decisions to promote long-term economic growth without harming future generations.
