Ørsted Initiates DKK 60 Billion Rights Issue

Ørsted A/S has commenced a rights issue, planning to raise approximately DKK 60 billion. This initiative is aimed at strengthening its capital structure in the wake of regulatory challenges in the US offshore wind sector. Each existing shareholder is being offered 15 rights for each share held, entitling the holder to subscribe for 900,816,600 new shares at a price of DKK 66.60 each during the subscription period from 19 September to 2 October 2025.

The offering is underwritten by a syndicate led by Morgan Stanley, BNP PARIBAS, Danske Bank, and J.P. Morgan, among others. The Danish State has committed to a significant portion of the offering, ensuring its success. This move comes after Ørsted halted plans for a partial divestment in the Sunrise Wind project due to adverse US regulatory developments.