Orsted says it has no plans to merge with Equinor's renewables unit

Core Viewpoint - Orsted, a leading Danish offshore wind company, has stated it has no intentions to acquire the renewables business of Equinor, its second-largest shareholder, despite Equinor's proposal for closer collaboration between the two companies [1] Group 1 - Orsted confirmed its position on not pursuing a takeover of Equinor's renewables business [1] - Equinor is the second-largest shareholder of Orsted, indicating a significant relationship between the two companies [1] - The proposal from Equinor suggests a desire for enhanced cooperation, but Orsted has chosen to maintain its independence [1]