The head of the Danish Shareholders’ Association posed several questions to ?rsted’s management as investors gathered in Copenhagen on Friday to vote on the troubled offshore wind company’s plans to tap them for $9bn.
Would the company — whose bet on the US has turned sour — need further cash injections in the future? Was ?rsted’s top team up to the job? “Thousands of Danish shareholders deserve?.?.?.?clarity,” said Mikael Bak, the association’s chief executive.
Shareholders gave management the benefit of any doubt this time and approved the plan to raise three-quarters of the company’s market value in new capital, the terms of which will be set out in an upcoming prospectus.
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