Current EQNR Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

Equinor swaps 16% stake in Lundin for $1.5 billion, buys 2.6% stake in Johan Sverdrup field on Norwegian continental shelf for $910 million
Norwegian supermajor Equinor ASA (stock ticker: EQNR) has struck a deal with independent E&P Lundin Petroleum (stock ticker: LUPE.ST) to divest its 16% interest in Lundin, which equates to about 54.5 million shares, in exchange for approximately US $1.56 billion. Shortly thereafter, Equinor will be purchasing a 2.6% direct interest in the Johan Sverdrup field from Lundin for a cash consideration of US $910 million.

As part of the transaction, Equinor will be selling Lundin’s shares back to the company at a price of SEK 266.4 per share. W...

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