OSLO, Dec 23 Reuters Equinor said on Monday it has bought an additional stake of 0.2 in Danish energy group Orsted, raising its ownership to 10, in line with the Norwegian group39;s previously stated intention.

Equinor first announced its purchase of a 9.8 stake in the Danish offshore wind farm developer in October this year.

Following approvals under applicable Foreign Direct Investment regulations, Equinor has acquired an additional 0.2 shareholding, the Norwegian group said in a statement on Monday.

The volume weighted average price for the 10 stake was 398.5 Danish crowns per share, equalling a total consideration of USD 2.3 billion based on an exchange rate of 7.15 Danish crowns per U.S. dollar, Equinor said.

Reporting by Terje Solsvik, editing by Louise Rasmussen

Source Reuters