Equinor has sold its minority shareholding in Swedish oil and gas production company Lundin Energy for SEK 3.3 billion ($335 million). The buyer was not disclosed.
The sale consists of 14 million shares, comprising Equinor’s 4.8 percent shareholding. It follows an earlier divestment of a 16 percent shareholding in Lundin in July 2019.
Following the deal, Equinor will no longer hold any shares in Lundin Energy.
“Although we are now no longer a shareholder in Lundin, we continue to consider the company a strong partner on the Norwegian Continental Shelf,” said Lars Christian Bacher, CFO of Equinor.
