Orsted said it will continue with plans to sell shares as it tries to contain a growing crisis that worsened after President Donald Trump's administration ordered construction to halt on an almost-finished offshore wind farm. The value of the company plunged on Aug. 11 after an announcement for plans to raise some 60 billion Danish kroner ($9.4 billion) from investors, half of which will come from Danish taxpayers. It would be the biggest share sale for the European energy sector in over a decade. Bloomberg's Christian Wienberg reports.
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Orsted to Continue Share Sale as Trump Halts Wind Farm
Orsted said it will continue with plans to sell shares as it tries to contain a growing crisis that worsened after President Donald Trump's administration ordered construction to halt on an almost-finished offshore wind farm. The value of the company plunged on Aug. 11 after an announcement for plans to raise some 60 billion Danish kroner ($9.4 billion) from investors, half of which will come from Danish taxpayers. It would be the biggest share sale for the European energy sector in over a decade. Bloomberg's Christian Wienberg reports.
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