Key highlights
- Sold 8.07% stake in Scatec at NOK125 per share for ~NOK1.6bn.
- Equinor now holds 8.05% following the transaction.
- Remaining shareholding is subject to a 90-day lock-up.
- Equinor's average in-price is ~NOK80 per share including dividends.
Transaction details
Equinor ASA sold an 8.07% stake in Scatec ASA at NOK 125 per share, yielding total consideration of about NOK 1.6 billion; after the sale Equinor retains an 8.05% holding.
Lock-up and cost basis
Equinor has entered a 90-day lock-up on its remaining shares; its average in-price is approximately NOK 80 per share including dividends received.
Background and ongoing partnerships
Equinor became a minority shareholder in Scatec in 2018 and increased its stake to 16.12% through purchases during 2019–2023; its partnerships with Scatec operating the Apodi and Mendubim solar assets in Brazil remain unaffected.
