Andel Begins Accelerated Sale of Orsted Shares Worth DKK 3 Billion
Andel Holding has started an overnight accelerated sale of Orsted shares worth about 3 billion Danish kroner (around $467 million). Deal terms suggested demand filled quickly. If completed, Andel’s stake would fall to roughly 3.4% from 5%, though it would remain Orsted’s third-largest owner. The sale follows Andel’s prior support of Orsted’s equity raise and a stock rebound.