Equinor Finalizes Ørsted Stake Acquisition
Deal News | Dec 23, 2024 | Equinor ASA
Equinor ASA, a prominent player in the energy sector, has successfully acquired a 10 percent stake in Ørsted, following necessary approvals under Foreign Direct Investment regulations. This acquisition included an additional 0.2 percent shareholding, accounting for 840,764 shares. The purchase was made at a volume weighted average price of DKK 398.5 per share, bringing the total transaction value to USD 2.3 billion, using a USD/DKK exchange rate of 7.15. This strategic acquisition highlights Equinor's continued expansion and investment in the renewable energy sector.
Sectors
- Energy
- Renewable Energy
- Mergers & Acquisitions
Geography
- Denmark – Ørsted is a Danish company, and the acquisition involves shareholding in this Denmark-based entity.
- Norway – Equinor ASA is a Norwegian company, and the transaction is influenced by regulations related to Norway's Foreign Direct Investment.
Industry
- Energy – Equinor ASA and Ørsted operate within the energy industry, focusing on renewable energy solutions.
- Renewable Energy – The acquisition signifies Equinor's investment in expanding its renewable energy portfolio with a stake in Ørsted, a leader in the industry.
- Mergers & Acquisitions – The article revolves around Equinor's acquisition of a stake in Ørsted, highlighting strategic M&A activity.
Financials
- USD 2.3 billion – Total consideration for the 10 percent stake acquisition in Ørsted.
- DKK 398.5 per share – Volume weighted average price for the 10 percent stake acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Equinor ASA | Acquiring Company | Company | A Norwegian state-owned multinational energy company. |
| Ørsted | Target Company | Company | A Danish multinational power company primarily focused on renewable energy. |