Equinor Buys 9.8% Stake in Orsted Valued at $2.5 Billion

(Reuters) – Norway’s Equinor  has bought a 9.8% stake valued at around $2.5 billion in renewable energy group Orsted  it said on Monday, making it the second largest shareholder after the Danish government. Orsted’s share price rose on the news, trading 3.4% higher at 1103 GMT, while Equinor’s shares fell by 1.9%. An Orsted spokesperson declined … Read more