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Wednesday 27 May 2020
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Equinor divests its minority shareholding in Lundin Energy

Equinor divests its minority shareholding in Lundin Energy

Equinor ASA has divested its financial shareholding in Lundin Energy AB, comprising around 14 million shares and corresponding to its 4.88% percent 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 percent 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,” says Lars Christian Bacher, CFO of Equinor ASA.

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Related page

Equinor completes sale of shares in Lundin Petroleum (30 Aug 2019)

Lars Christian Bacher, Equinor’s chief financial officer. (Photo: Ole Jørgen Bratland)

Lars Christian Bacher, Equinor’s chief financial officer. (Photo: Ole Jørgen Bratland)

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  • Equinor divests its minority shareholding in Lundin Energy
  • Equinor divests its minority shareholding in Lundin Energy
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