Orsted plunges 26% as it plans $9.4 billion rights issue after ‘adverse' turn in U.S. market
The company said this turn of events left it unable to raise funds from a planned partial divestment of its Sunrise Wind project off the coast of New York.
Orsted will be offering existing shareholders first refusal on the new shares under the planned move.
Shares were 25.5% lower by 9:09 a.m. in London (4:09 a.m. ET).
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