Equinor ASA (NYSE:EQNR) shares are trading lower on Monday. The company acquired 41.19 million shares in Ørsted A/S in Denmark, representing 9.8% of the company’s shares and voting rights for $2.5 billion.
The price is based on a closing price of DKK 418 per share on October 4 and a USD/DKK exchange rate of 6.8.
This transaction makes Equinor the second-largest shareholder in Ørsted, following the Danish State, which holds a controlling stake in the company.
Anders Opedal, CEO of Equinor, said, “Equinor has a long-term perspective and will be a supportive ...
