Equinor Plans Sale of 8.1 Percent Stake in Solar Firm Scatec
Equinor plans to sell 12.9 million shares in Scatec, representing an 8.1 percent stake. The Norwegian energy firm announced the potential sale this Monday.
The energy producer EQUINOR ASA is moving to reduce its stake in the renewable power industry. The firm, which is headquartered in Norway, announced on Monday that it is considering the sale of a significant block of shares in SCATEC ASA. The divestment plan involves roughly 12.9 million shares, a volume that accounts for approximately 8.1% of the solar energy company's total share capital. This strategic move by Equinor highlights a shift in its investment approach within the green energy sector, though the company has not yet finalized the details of the share offering. Scatec, which operates solar plants globally, remains a prominent player in the transition to sustainable power.
