Klesch Group to acquire refining business in Denmark from Equinor.

Klesch Group, a private equity firm, agreed to acquire refining business in Denmark from Equinor, an energy company. Financial terms were not disclosed. “This transaction supports Equinor’s strategy to focus its portfolio around core areas. Equinor will concentrate its refining position around Mongstad, Norway, where the company can leverage its integrated industrial cluster, expand the portfolio of low carbon energy products provided and contribute to Equinor’s efforts in the energy transition. Over the years, Kalundborg has provided solid results and strong efforts have been made to maintain safe and reliable operations, also with the recent challenges caused by the pandemic," Irene Rummelhoff, Equinor Executive Vice President for Marketing, Midstream and Processing.