Ørsted Plans Major Share Sale for $9.4 Billion Lifeline ...Middle East

Ørsted will offer new shares with pre-emptive rights for existing shareholders at a 67% discount to Friday’s closing price, the world’s largest offshore wind developer said on Monday as it seeks to raise $9.4 billion to cover immediate financing needs amid regulatory uncertainties in the U.S.   Ørsted’s shareholders last week approved a proposed $9.4 billion (60 billion Danish crowns) rights issue to raise capital from existing shareholders as challenges for the industry continue to mount.…

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