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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InNorwegian energy giant Equinor has completed the sale of its 8.1% stake in solar energy firm Scatec for approximately 1.6 billion Norwegian crowns ($169.31 million). The transaction, involving 12.9 million shares, was finalized on Tuesday following an initial announcement on Monday. This divestment marks a significant shift in Equinor's renewable energy portfolio as part of its broader capital reallocation strategy. Market analysts noted that the completion of such a large block sale could exert short-term pressure on Scatec's valuation on the Oslo Stock Exchange. The move highlights the ongoing trend among major energy players to optimize their investment holdings. Investors are now monitoring the impact of this major shareholder exit on Scatec's long-term market performance.