The money is intended to strengthen the company's financial position and contribute to the construction of several large wind farms, among other things in the USA. The issue of new shares to a value of 60 billion Danish kronor was announced in a press release on Monday morning in connection with the company's release of its quarterly report.
The Danish state has already announced that it will subscribe to its share, 30 billion Danish kronor, in the issue.
But the news of the giant issue, which dilutes the current owners' share in the company, caused the stock price to plummet by over 20 percent on the Copenhagen Stock Exchange.
The financial report shows, however, that Ørsted made a half-year profit after tax of 8.2 billion Danish kronor, compared to 930 million Danish kronor for the same period last year. The result last year was affected by major write-downs of shelved wind power projects.
