Latham & Watkins Advises Ørsted on €8 Billion Rights Issue to Support Renewable Energy Initiatives

"Latham & Watkins advised Ørsted A/S on a rights issue to raise approximately DKK 60 billion (around €8 billion) by offering 900,816,600 new shares at DKK 66.6 each, with pre-emptive rights for existing shareholders. Ørsted, a leader in offshore wind energy, aims to promote green energy and enhance value for its stakeholders. The advisory team included experts in US and international securities, regulatory, environmental, and tax matters."

Latham & Watkins advised Ørsted A/S on its rights issue to raise gross proceeds of approximately DKK 60 billion (around €8 billion). The offering involved the issuance of 900,816,600 new shares at a price of DKK 66.6 per share, with pre-emptive rights granted to existing shareholders at a ratio of 15:7. Ørsted is a leading renewable energy company focused on offshore wind, with a mission to create a world powered entirely by green energy. The legal team from Latham & Watkins included London corporate partner Ryan Benedict, Frankfurt associate Jennifer Thiessen, and Milan capital markets lawyer Irene Pistotnik, who provided advice on US and international securities matters. Additionally, Washington, D.C. partners Janice M. Schneider and Devin M. O’Connor offered guidance on US regulatory and environmental law, while New York partners Eli Katz and Jocelyn Noll, along with Washington, D.C. partner Scott Cockerham and Houston partner Bryant Lee, advised on US tax matters. Support was also provided by New York associate Jacob Nagelberg and Los Angeles associate Jared Kawalsky.

Latham & Watkins Advises Ørsted on €8 Billion Rights Issue to Support Renewable Energy Initiatives

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