Equinor: increases stake in Scatec

(CercleFinance.com) - Equinor announces that it has acquired 5,000,000 shares in Scatec ASA (Scatec) from Scatec Innovation AS, i.
e. 3.1% of its shares and votes, for a total purchase price of 305 million NOK (about 27 million euros).

The shares were bought at 61 NOK each, vs. a closing price of 64.18 NOK on 15 March 2023.

Following the transaction, Equinor holds a total of 25,776,200 shares in Scatec, bringing its total shareholding to 16.2% of its shares and votes.

The group said that this acquisition matches its disciplined approach to growth in renewable energy.


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