-- Equinor (EQNR.OL) is considering selling an 8.1% stake in Scatec (SCATC.OL) through an accelerated bookbuild process, according to a Monday release.
The Norwegian energy giant will sell the 12.9 million placing shares to eligible institutional and other professional investors, with pricing scheduled for Tuesday and settlement to follow a normal delivery-versus-payment basis.
Norwegian solar power producer Scatec will not receive any net proceeds from the transaction. Equinor, meanwhile, will retain a shareholding of 12.9 million shares after the placing completes.