Equinor raises Danske Commodities' equity with EUR 3.5bn

The Norwegian oil company opts to boost its Danish trading subsidiary’s equity with EUR 3.5bn as a liquidity buffer to help weather stormy energy markets.
Photo: Pr / Danske Commodities / Thomas Priskorn
Photo: Pr / Danske Commodities / Thomas Priskorn

Towering energy prices have served both as a tonic and a poison for many energy trading firms, not least Danske Commodities, which now gets a cash injection from its parent company, Equinor, the trader informs in a press release.

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