The Anonymous Widower

Equinor Acquires Minority Stake In Ørsted, Becomes Second-Largest Shareholder

The title of this post, is the same as that of this article on offshoreWIND.biz.

This is the sub-heading.

Norway-headquartered Equinor has acquired a 9.8 per cent minority stake in Denmark’s Ørsted, making it the second-largest shareholder behind the Danish state, which holds a controlling stake in the company.

These are the first two paragraphs.

According to Equinor, the company is supportive of Ørsted’s strategy and management and is not seeking board representation.

“Equinor has a long-term perspective and will be a supportive owner in Ørsted. This is a counter-cyclical investment in a leading developer, and a premium portfolio of operating offshore wind assets”, said Anders Opedal, CEO of Equinor.

Could it also be two Scandinavian companies getting together to put up a stronger front to outside interests?

Are they frightened of the actions that might be taken by Great British Energy and by the Germans with their massive thirst for hydrogen?

October 7, 2024 - Posted by AnonW | Energy, Finance | Ørsted, Denmark, Equinor, Germany, Great British Energy, Norway