Equinor acquires Danske Commodities
06 July 2018
Equinor has reached an agreement with Lind Invest and other sellers to buy Danish energy trading company Danske Commodities for EUR 400 million plus additional performance-related payment. The agreement is subject to a number of conditions, including approval from the European Commission.
Danske Commodities is a leading player in trading of electricity and gas as well as other services in the European energy market with a revenue of EUR 5.47 billion and earnings before tax (EBT) of EUR 60 million in 2017. Equinor's acquisition is part of its aim to expand Equinor's position in the energy markets by investing 15-20% of capital expenditure in new energy solutions until 2030.
Plesner's team of energy and transaction specialists assisted Equinor with all legal aspects of the preparation and execution of the acquisition.
Plesner's team of energy and transaction specialists assisted Equinor with all legal aspects of the preparation and execution of the acquisition.
