Q2 2025 Oersted A/S Earnings Call Transcript
Please go ahead, sir.
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Hello, everyone. Thank you for joining today's presentation.
In connection with the release of our results for the second quarter this morning, we are announcing the plan for a fully underwritten rights issue, which is expected to amount to DKK60 billion in gross proceeds. That is supported by our majority shareholder, the Danish State.
The rights issue is intended to fulfill an incremental funding requirement, which has arisen, following our decision to discontinue the divestment and associated non-recourse project financing process related to our Sunrise Wind project in the US.
With the rights issue, we will strengthen our capital structure to cover for the full ownership of Sunrise Wind and provide the needed financial robustness and flexibility for the execution of our strategic plan as announced in February and position us for future growth.
While we do not take
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