Orsted AS

ORSTED: XCSE (DNK)
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Orsted: Massive Rights Issue Comes With a Huge Discount; Cut Fair Value Estimate by 40% to DKK 170

Orsted released the prospectus of its DKK 60 billion rights issue announced on Aug. 11. The firm will issue 900.8 million new shares at a price of DKK 66.6 per share, implying a 67% discount to the last closing share price and a preferential subscription right of DKK 91.

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