Brief: Ørsted Signs Agreement To Divest 50 % Stake In Hornsea 3 To Apollo

Oersted A/S

03/11/2025 19:12

Nov 3 (Reuters) - ORSTED ORSTED.CO:

ORSTED- ØRSTED SIGNS AGREEMENT TO DIVEST 50 % STAKE IN HORNSEA 3 TO APOLLO

ORSTED- TOTAL VALUE OF THE TRANSACTION IS APPROX. DKK 39 BILLION, AND THE TOTAL PROJECT INVESTMENT REMAINS IN THE RANGE OF DKK 70–75 BILLION

ORSTED- APPROX. DKK 20 BILLION OF THE TOTAL TRANSACTION VALUE WILL BE PAID UPON CLOSING OF THE TRANSACTION

ORSTED- THE TRANSACTION IS EXPECTED TO CLOSE BEFORE THE END OF THE YEAR.

Source text: https://tinyurl.com/8sknstex

Further company coverage: APO.N

 ((Reuters.Briefs@thomsonreuters.com;))