Equinor to buy European energy trader

Equinor has agreed to buy 100% of the shares of Danske Commodities, one of Europe’s largest short-term electricity traders also involved in short-term gas trading.
July 9, 2018

Equinor has agreed to buy 100% of the shares of Danske Commodities, one of Europe’s largest short-term electricity traders also involved in short-term gas trading.

Equinor will pay €400 million and smaller contingent payments based on the trading firm’s performance.

It said in a press release the acquisition supports its “development towards becoming a broad energy company.”

About the Author

OGJ editors

Sign up for Oil & Gas Journal Newsletters