FIH Partners advised Andel in the capital raise by Ørsted through a rights issue with pre-emptive rights. Ørsted announced a plan to raise DKK 60bn in gross proceeds from the rights issue. Andel will buy new shares for DKK 3bn in Ørsted, thereby maintaining a 5% ownership share.
In total, 99.3% of the shares in the rights issue were subscribed through the exercise of pre-emptive rights.
FIH Partners acted as financial advisor to Andel.
