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Norwegian petroleum refining firm Equinor ASA announced on Monday that it had acquired a 9.8% stake in Danish energy firm Orsted A/S. The current market value of Equinor’s 41.20 million shares in Orsted is around $2.5 billion, based on a closing price of 418 Danish kroner (about $62) per share on October 4. Equinor said it intends to increase its ownership to 10%, subject to obtaining regulatory approvals under applicable Foreign Direct Investment regulations. There are currently no plans to further increase the stake beyond that point. The company said the deal will be executed within its com…

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