Overview

• Equinor said on September 1 it intends to subscribe for new Ørsted shares for up to DKK 6 billion to maintain roughly a 10% stake.
• The Norwegian company will put forward a candidate for Ørsted’s board ahead of the next annual general meeting.
• Ørsted sized the DKK 60 billion rights issue to fully fund the Sunrise Wind project on its balance sheet and reinforce financial flexibility.
• Denmark’s government committed to its 50.1% allotment and banks were appointed to underwrite the remainder as U.S. actions, including a stop‑work order and a $679 million funding cancellation, raised risk for offshore wind.
• Ørsted shares rose about 3.6% on the announcement before trimming gains, and RBC analysts said Equinor’s move could foreshadow closer collaboration or consolidation between the companies’ offshore portfolios.