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 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.”