Equinor acquires a 9.8% minority stake in Ørsted

Equinor ASA has acquired 41,197,344 shares in Ørsted A/S (Ørsted), corresponding to 9.8% of the shares and votes in the company.

The transaction makes Equinor the second-largest shareholder in Ørsted, following the Danish State, which holds a controlling interest. Ørsted has a net renewable generation capacity of approximately 10.4 GW and is executing offshore wind projects with a total capacity of around 7 GW. The company aims to reach a gross installed renewable capacity of about 35 to 38 GW by 2030. Equinor's stake in Ørsted is valued at roughly USD 2.5 billion, based on a share price of DKK 418 and a USD/DKK exchange rate of 6.8.