Ørsted Raises $9.3 Billion in Discounted Share Sale Backed by Danish State

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Ørsted has completed its widely publicized rights issue at a heavily discounted price, raising the target amount of 59.56 billion crowns, equal to some $9.35 billion. According to the company, 99.3% of the issue was subscribed for by existing and new shareholders, but of that total, the Danish state subscribed for just over 50%. Ørsted also said that orders for additional shares will be filled by the allocation of an additional 22,446 shares, on top of the original issue of around 900,000,000 shares. The issue was priced at 66.60…