News > Equinor injects $3.7 bln into its energy trading business
Equinor injects $3.7 bln into its energy trading business
22/12/2022 08:54 PM | Click to read full article
Energy trader Danske Commodities has received a 3.5 billion euro ($3.7 billion) capital injection from parent company Equinor to boost liquidity and fund growth as it contends with highly volatile energy markets. Soaring energy prices and extreme market volatility have forced multiple European utilities and traders to secure extra funds to cover margin call requirements.
