OSLO, April 14 (Reuters) - Norway's Equinor said on Tuesday it has sold 12.9 million shares in solar energy group Scatec for around 1.6 billion Norwegian crowns ($169.31 million), completing a
Equinor Sells $169 Million Stake in Scatec, Reduces Solar Investment
Equinor's Divestment in Scatec: Key Details and Market Impact
Transaction Overview
OSLO, April 14 (Reuters) - Norway's Equinor said on Tuesday it has sold 12.9 million shares in solar energy group Scatec for around 1.6 billion Norwegian crowns ($169.31 million), completing a transaction L8N40W1H3 first flagged on Monday.
Share Sale Price and Discount
The shares were sold at 125 crowns each, a 7% discount to Monday's closing price of 134.4 crowns.
Equinor's Remaining Stake
Equinor maintains a stake in Scatec of about 8.05% following the transaction.
Market Context and Reactions
Reason for Divestment
Equinor did not provide a reason for its planned divestment.
Scatec Share Performance
Scatec's share price rose 26.6% this year before Tuesday's transaction, according to LSEG data.
Currency Exchange Rate
($1 = 9.4503 Norwegian crowns)
Reporting Credits
(Reporting by Terje Solsvik, editing by Louise Rasmussen)
