Orsted AS
ORSTED: XCSE (DNK)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|s< | LOCK|rpj | LOCK|@! |
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.
