Equinor partially divests shareholding in Scatec

14 Apr Equinor partially divests shareholding in Scatec

(Oilandgaspress) -– Equinor ASA has divested an 8.07 percent shareholding in Scatec ASA at a price of NOK 125 per share. Total consideration amounts to around NOK 1.6 billion. Following the transaction, Equinor holds an 8.05 percent share in Scatec.

Equinor has also entered into a 90-day lock-up agreement for the remaining shareholding.

Equinor became a minority shareholder in Scatec in 2018 and later increased its shareholding to 16.12% through several purchases in the period 2019-2023.

Equinor’s average in-price is around NOK 80 per share, including dividends received.

Scatec and Equinor continue to be partners in the Apodi and Mendubim operating solar assets in Brazil. These partnerships are unaffected by the transaction.

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