Ørsted Seeks $9.4 Billion Lifeline Amid Market Turmoil ...Middle East

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Ørsted Seeks $9.4 Billion Lifeline Amid Market Turmoil
source : OILPRICE ( Middle East ) () 55
The world’s biggest offshore wind project developer, Orsted, plans a $9.4 billion (60 billion Danish crowns) rights issue to raise capital from existing shareholders as challenges for the industry continue to mount. Orsted plans a rights issue with pre-emptive rights for existing shareholders amid “an extraordinary situation with the adverse market development in the US on top of the past years’ macroeconomic and supply chain challenges,” the Danish company said on Monday. The Danish state, holder of a majority 50.1% stake…

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