Skip to main content

Equinor divests shares in Lundin Energy

Published by
Oilfield Technology,


Equinor ASA has divested its financial shareholding in Lundin Energy AB, comprising around 14 million shares and corresponding to its 4.88% of the shares and votes, at a total sale price of approximately SEK 3.3 billion.

After the divestment, Equinor ASA will no longer hold any shares in Lundin Energy AB.

“This transaction follows our divestment of a 16% shareholding in Lundin in July 2019 and concludes what has been a successful investment for Equinor. We have created significant value and increased our direct exposure in the Johan Sverdrup field. Although we are now no longer a shareholder in Lundin, we continue to consider the company a strong partner on the Norwegian Continental Shelf,” said Lars Christian Bacher, CFO of Equinor ASA.

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/06052020/equinor-divests-shares-in-lundin-energy/

You might also like

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Upstream news Oil & gas news