Orsted Set to Win Investor Support for $9.3 Billion Share Sale

Orsted A/S is set to win enough shareholder support to allow a crucial 60 billion Danish kroner ($9.3 billion) rights offering to proceed.

The beleaguered offshore wind developer has won the backing of its four biggest shareholders, which make up around 68% of its investor base, according to statements and comments compiled by Bloomberg. That’s more than the two-thirds needed to pass the resolution at Orsted’s extraordinary general meeting on Friday in Copenhagen.

While nothing is yet finalized, it’s a strong indication that the company will have more than enough shareholder support to pass the resolution. Still, the bigger test ...