Oct 7 (Reuters) - Equinor ASA ( EQNR ):

* EQUINOR ACQUIRES A 9.8% MINORITY STAKE IN ØRSTED

* INTENDS TO INCREASE ØRSTED STAKE TO 10% PENDING APPROVALS

* ØRSTED HOLDING VALUED AT AROUND $2.5 BILLION

* BECOMES SECOND LARGEST SHAREHOLDER IN ØRSTED

* TRANSACTION WILL BE EXECUTED WITHIN EQUINOR'S COMMUNICATED

FINANCIAL FRAMEWORK.

* SUBJECT TO OBTAINING REGULATORY APPROVALS UNDER APPLICABLE

FOREIGN DIRECT INVESTMENT REGULATIONS, EQUINOR INTENDS TO

INCREASE ITS OWNERSHIP TO 10%

* THERE ARE CURRENTLY NO PLANS TO FURTHER INCREASE STAKE

* SAYS IS SUPPORTIVE OF ØRSTED'S STRATEGY AND MANAGEMENT,

AND IS

NOT SEEKING BOARD REPRESENTATION

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(Gdansk Newsroom)