Equinor divests its minority shareholding in Lundin Energy

Source: press release, 5 May 2020

The Johan Sverdrup field in the North Sea (photo: Equinor/Ole Jørgen Bratland)
The Johan Sverdrup field in the North Sea (photo: Equinor/Ole Jørgen Bratland)

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% 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.