Equinor Cuts Stake in Scatec

MT Newswires Live

04/14

Equinor (EQNR) said Tuesday it has sold an 8.07% stake in Scatec at 125 Norwegian Krone ($13.26) per share, generating proceeds of about 1.6 billion Norwegian Krone.

The company said it retains an 8.05% stake and has agreed to a 90-day lock-up on its remaining shares following the transaction.

The companies will continue their joint operations in solar projects in Brazil, including Apodi and Mendubim, which are unaffected by the sale, it added.

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