Selloff wipes off over $8 billion from Orsted's market value
Reuters
Published Aug 30, 2023 16:11
MILAN (Reuters) - A selloff in Orsted shares was set to erase over $8 billion from the market value of the world's largest offshore wind farm developer on Wednesday, according to Reuters calculations, based on LSEG data.
The shares were last down by 25% in afternoon trading in their largest-ever daily drop after the Danish company said it may see U.S. impairments of $2.3 billion due to supply chain problems. Copenhagen's OMX 20 index was down 1.5%.
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Written By: Reuters
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