Finance
Equinor Sells $169 Million Stake in Solar Firm Scatec
Published by Global Banking & Finance Review®
Posted on April 14, 2026
1 min readLast updated: April 14, 2026
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Equinor has sold 12.9 million shares in Scatec at NOK 125 each (about $169 million), retaining an ~8.05 % stake. The sale was at a ~7 % discount to the prior close of NOK 134.4 and occurs amid Scatec’s ~26.6 % YTD share price gain.
Equinor Sells $169 Million Stake in Scatec, Reduces Solar Investment
Equinor's Divestment in Scatec: Key Details and Market Impact
Transaction Overview
OSLO, April 14 (Reuters) - Norway's Equinor said on Tuesday it has sold 12.9 million shares in solar energy group Scatec for around 1.6 billion Norwegian crowns ($169.31 million), completing a transaction L8N40W1H3 first flagged on Monday.
Share Sale Price and Discount
The shares were sold at 125 crowns each, a 7% discount to Monday's closing price of 134.4 crowns.
Equinor's Remaining Stake
Equinor maintains a stake in Scatec of about 8.05% following the transaction.
Market Context and Reactions
Reason for Divestment
Equinor did not provide a reason for its planned divestment.
Scatec Share Performance
Scatec's share price rose 26.6% this year before Tuesday's transaction, according to LSEG data.
Currency Exchange Rate
($1 = 9.4503 Norwegian crowns)
Reporting Credits
(Reporting by Terje Solsvik, editing by Louise Rasmussen)
Key Takeaways
- •Equinor sold roughly half its Scatec holdings—12.9 million shares—raising ~NOK 1.6 billion (~$169 million), trimming its stake to about 8.05 %. (e24.no)
- •The shares were sold at NOK 125 each, a roughly 7 % discount to the previous closing price of NOK 134.4, suggesting a quick-lateral exit to institutional investors. (e24.no)
- •Scatec’s share price has risen about 26–27 % year‑to‑date, reflecting investor optimism in its renewable project pipeline despite Equinor’s partial pullback. (e24.no)
References
Frequently Asked Questions about Equinor sells $169 million stake in solar firm Scatec
1How much did Equinor raise from selling Scatec shares?
Equinor raised around 1.6 billion Norwegian crowns ($169.31 million) by selling 12.9 million shares in Scatec.
2What is Equinor's remaining stake in Scatec after the sale?
After the transaction, Equinor maintains a stake of about 8.05% in Scatec.
3At what price per share did Equinor sell its Scatec shares?
Equinor sold the Scatec shares at 125 Norwegian crowns each, which is a 7% discount to the closing price.
4How did Scatec’s share price perform before the transaction?
Scatec's share price rose 26.6% this year before the transaction took place.
