Equinor Alleviates its Stake in Scatec Solar
Equinor, which has dedicated to snowballing its investments in renewable energy, paid 754 million Norwegian crowns ($84.06 million) for the 5.2 per cent stake. The price of 116 crowns per share constituted a 4.8 percent premium over Thursday's close
December 20, 2019. By News Bureau
Norway's Equinor has announced that it has bought an additional 5.2 percent of the shares of solar energy developer Scatec Solar, the oil firm said in a statement, thus lifting its stake to 15.2 per cent.
Equinor, which has dedicated to snowballing its investments in renewable energy, paid 754 million Norwegian crowns ($84.06 million) for the 5.2 per cent stake. The price of 116 crowns per share constituted a 4.8 percent premium over Thursday's close.
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