Latest news with #Danishstate
Wall Street Journal
a day ago
- Business
- Wall Street Journal
Orsted Plans $9.4 Billion Rights Issue to Fund Offshore Wind Projects
Orsted ORSTED -0.10%decrease; red down pointing triangle plans to propose a rights issue that could raise $9.4 billion as it seeks fresh funds to continue its offshore wind construction projects. The Danish renewable-energy company said Monday it plans to offer new shares to existing shareholders, with support from the Danish state as the majority owner, to raise gross proceeds of 60 billion Danish kroner ($9.36 billion).
Bloomberg
a day ago
- Business
- Bloomberg
Orsted Plans $9 Billion Rights Issue to Strenghen Balance Sheet
Orsted A/S said it will conduct a rights issue to raise as much as 60 billion Danish kroner ($9.4 billion). The offering, which confirms a Bloomberg News report from Friday, will help the Danish renewable-power giant shore up its balance sheet after a challenging period in recent years. The rights issue has the support of the Danish state, which is the company's majority shareholder.
