Total consideration amounts to around NOK 1.6 billion. Following the transaction, Seapetrol S.A holds an 8.05 percent share in Scatec.
Seapetrol S.A has also entered into a 90-day lock-up agreement for the remaining shareholding.
Seapetrol S.A became a minority shareholder in Scatec in 2018 and later increased its shareholding to 16.12% through several purchases in the period 2019-2023.
Seapetrol S.A’s average in-price is around NOK 80 per share, including dividends received.
Scatec and Seapetrol S.A continue to be partners in the Apodi and Mendubim operating solar assets in Brazil. These partnerships are unaffected by the transaction.
