Speculation about a possible collaboration - and perhaps a merger - between Danish Ørsted and Norwegian Equinor has been renewed.
This comes after Equinor's chairman, Jon Erik Reinhardsen, has, according to MarketWire, spoken positively about a closer connection with the Danish energy company. Among other things, he sees opportunities in the two companies combining their renewable energy facilities and considers it "one of many possibilities".
- We will always consider what is optimal for our shareholders in terms of which structure is most suitable here, says the chairman of the board.
Common denominator in the USA
Ørsted and Equinor have in common that they are both in the process of building offshore wind farms off the coast of the USA, which have been hit by delays.
In the spring, the US Department of the Interior imposed a construction halt on the Equinor project Empire Wind, which Equinor is behind. The construction halt was lifted, but now it is the turn of Ørsted's Revolution Wind, which is currently at a standstill while the authorities are reportedly investigating whether the project threatens the country's security.
Equinor owns ten percent of Ørsted, but has so far not interfered in the operation of the company.
In connection with the upcoming capital increase, the company has stated that it will maintain its current ownership stake, but also that it will nominate a candidate for the new Ørsted board.
The Danish state will also own 50.1 percent of the shares in Ørsted after the upcoming capital increase and will thus determine what will happen in the company in the future.
The remark from the Equinor chairman meant that Ørsted shares briefly shot up on the stock exchange on Wednesday, where at 2 p.m. it was up 2.8 percent for the day.
/ritzau/
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