Equinor Acquired Minority Stake in Orsted

SEATTLE (Oil Monster): Equinor has purchased 41,197,344 shares of Orsted, the top international energy firm in Denmark. This translates to 9.8% of the company's shares and votes. Equinor is now the company's second-largest shareholder after this deal; the Danish government still owns the majority of the business.

Equinor's investment in Orsted is valued at approximately $2.5 billion based on the current market. Subject to receiving regulatory permissions under relevant Foreign Direct Investment legislation, Equinor hopes to raise its ownership to 10%. According to a press release from the corporation, it currently has no plans to increase its shareholding above 10%.

The investment fits well with Equinor's value-driven renewable energy growth strategy. This shows that, despite the difficulties it is now facing, the company is optimistic about the offshore wind industry's long-term prospects. It anticipates that offshore wind will probably be very important to the energy transition.

The counter-cyclical investment will enable the business to obtain access to a premium portfolio of operational offshore wind assets, according to Equinor CEO Anders Opedal. He said that Orsted's generating assets round out the business's operated offshore wind portfolio of sizable ongoing projects.

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