Equinor ASA (GB:0M2Z) has released an update.
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Equinor ASA has become the second-largest shareholder in Ørsted A/S, acquiring a 9.8% stake, with a market value of approximately USD 2.5 billion. This strategic investment complements Equinor’s renewable portfolio and aligns with its growth strategy in the renewables sector, showing confidence in the long-term potential of offshore wind energy. While supportive of Ørsted’s strategy, Equinor does not seek board representation and plans to slightly increase its ownership to 10%, within its financial framework.
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