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Euronews

Doloresz Katanich

Ørsted sells shares at a deep discount as the firm urgently seeks capital

Orsted Donald Trump United States Sunrise Wind

The world's biggest offshore wind farm developer, Ørsted, is raising much-needed fresh capital by launching a rights issue. This means that the firm is going to sell an additional 900.8 million new shares for DKK 66.60 (€8.92) per piece.

The company's shares were trading at around DKK 192.50 on Monday afternoon, after they dipped by almost 4%. The rights issue offers a 67% discount compared to Friday's closing price of around DKK 200.

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