Tag Archives: Orsted

Orsted shares plunge as it plans $9.4 billion rights issue

Orsted shares plunge as it plans .4 billion rights issue

Burbo Bank, Liverpool Bay, England, viewed from the sea turbines on Burbo wind farm off the U.K. coast. Ucg | Universal Images Group | Getty Images Orsted shares crashed more than 25% on Monday morning, after the wind farm developer said it plans a 60 billion Danish kroner ($9.4 billion) rights issue, following a “material adverse development” in the U.S. …

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