“Orsted sells shares with a 67 % discount as part of obtaining funds worth $ 9.4 billion. The developer of sea wind farms tries to rebuild investors' trust after a failed investment on the American market, “says Bloomberg.
Orsted is a Danish energy company specializing in renewable energy sources, primarily in the marine wind energy. It belongs to world leaders in this industry and operates in many markets, including Europe, Asia and North America. In Poland, he cooperates with the Polish Energy Group (PGE) in the implementation of sea designs of wind farms in the Baltic Sea, which are to significantly contribute to energy transformation and increasing the share of green energy in the domestic energy mix.
PGE's partner is in serious trouble. It reaches for a expensive lifebuoy, which is the sale of shares with such a large discount store, i.e. almost 70 percent. below values.
See also: Sea windmills cost Poland more and more. Experts answer what to do next
Orsted reaches for an expensive lifebuoy
Bloomberg indicates that the success of the issue of conscription rights worth 60 billion of Danish crowns ($ 9.4 billion) – the largest for the European Energy Company for over ten years – is crucial for Orsted to finally close the crisis chapterwhich lasted several years.
“It is a test whether investors believe that the construction of wind farms has a chance to return to growth and profitability, or or the time has come to limit the losses” – he points out.
The agency specifies that the shares will be broadcast at a price of 66.6 Danish crowns, compared to the closing price of 200.3 crowns on Friday, according to the emission prospectus published on Monday morning. The offer of conscription rights will start on Friday, September 19.
This year's OSsted shares quotes
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Will they be willing? The two largest shareholders of the company, the Danish state and Equinor ASA, have already announced that they will support the offer. In total, they have about 60 percent. shares in the company.
See also: Record decline in Ørsted shares. “Will not affect the construction of Baltica 2”
ORSsted shares fell by one third after announcement last month for the issue of shares with the right of consumption. Less than two weeks later The Donald Trump administration ordered the company to suspend the construction of the almost completed wind farm off the coast of Rhode Island.
