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Orsted to Raise $9.4 Billion by Selling Shares at 67% Discount
Financial MarketsOrsted SharesUpdated a day ago

Orsted to Raise $9.4 Billion by Selling Shares at 67% Discount

Orsted A/S plans to sell new shares at a 67% discount to raise $9.4 billion, the largest rights offering for a European energy firm in over a decade. This move aims to restore investor confidence following challenges in the US market, including a failed investment.

Related Articles
Orsted to Sell Shares at 67% Discount in Rights Offering
Bloomberga day ago
Orsted to Sell Shares at 67% Discount in Rights Offering
NegativeFinancial Markets
Orsted A/S is set to sell new shares at a 67% discount to boost investor confidence after facing challenges in the US market. This rights offering, amounting to 60 billion Danish kroner, is the largest for a European energy firm in over a decade and is crucial for the company's recovery.
Editor’s Note: This rights offering is significant as it represents a major effort by Orsted to regain trust from investors after a difficult period. The outcome will determine the company's ability to move past its recent struggles and stabilize its financial standing.
Read full article
via Bloomberg
Orsted to Sell Shares at 67% Discount in $9.4 Billion Raise
Bloomberga day ago
Orsted to Sell Shares at 67% Discount in $9.4 Billion Raise
NegativeFinancial Markets
Orsted A/S is set to sell new shares at a 67% discount to raise $9.4 billion, aiming to restore investor confidence after a failed investment in the US market.
Editor’s Note: This move is significant as it highlights the challenges faced by companies in the renewable energy sector, particularly in navigating market fluctuations and investor expectations.
Read full article
via Bloomberg

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