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Equinor acquires Danske Commodities
July 7, 2018
Source: Reuters

Equinor acquires Danske Commodities

Norwegian oil giant, Equinor, yesterday, entered into an agreement to acquire Danish power and natural gas trading firm Danske Commodities (DC) for $468 million. The acquisition of Danske is in line with Equinor’s strategy to become a broad energy company. Equinor has vowed to spend 15-20% of its CAPEX towards finding “new energy solutions” by 2030. Shareholders and environmentalists are pressurizing oil firms to reduce their global carbon footprint.

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