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flag Equinor acquires 9.8% stake in Ørsted for $2.5B, becoming its second-largest shareholder.

flag Norwegian energy firm Equinor has purchased a 9.8% stake in Danish renewable company Ørsted for approximately $2.5 billion, becoming its second-largest shareholder after the Danish government. flag This investment aligns with Equinor's strategy to enhance its renewable energy portfolio. flag Despite challenges in the offshore wind sector, Equinor remains optimistic about its long-term prospects and is not seeking board representation. flag Plans to increase ownership to 10% are pending regulatory approval.

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