Skip to main content

News

Back to news

ABG Sundal Collier acted as financial advisor to Equinor ASA in connection with the acquisition of a minority stake in Scatec Solar ASA

ABG Sundal Collier acted as financial advisor to Equinor ASA in connection with the acquisition of a minority stake in Scatec Solar ASA

On 15th November, Equinor announced that the company has acquired 11,020,000 shares in Scatec Solar
ASA, corresponding to 9.7% of the shares and votes, at a total purchase price of approximately
NOK 700m. The investment in Scatec Solar will increase Equinor’s exposure to the fast-growing
renewable sector, and further complementing Equinor’s portfolio with profitable solar energy.
Equinor has flagged a shareholding just over 10 per cent of Scatec Solar, including the shares
owned by Equinor ASA as well as shares managed by Equinor Asset Management ASA.

About Equinor ASA
Equinor is an international energy company, formerly known as Statoil, with more than 20,000 employees
developing oil, gas, wind and solar energy in more than 30 countries worldwide. The company is the largest
operator in Norway, among the world’s largest offshore operations, and a growing force within renewables.
The company was founded as The Norwegian State Oil Company (Statoil) in 1972, and became listed on the
Oslo and New York stock exchanges in June 2001. Today, Equinor trades on the Oslo Stock exchange under
the ticker EQNR. For more information, please visit the company on: https://www.equinor.com/