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Ørsted — M&A Activity 2017
Dec 11, 2017
3378_rns_2017-12-11_1416a275-760d-4bfe-b0a2-3da09a92f17e.pdf
M&A Activity
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Orsted
Company announcement
No. 49 / 2017
Ørsted completes the divestment of Borkum Riffgrund 2 offshore wind farm and now expects full-year EBITDA to come in around DKK 21 billion
Further to our company announcement issued on 7 August 2017, Ørsted has today completed the divestment of 50% of the Borkum Riffgrund 2 offshore wind farm to Global Infrastructure Partners (GIP). The acquisition price will be paid in 2017, and the EPC contract payments will be made during 2017 and 2018.
With the completion of the farm-down, we now expect EBITDA in 2017 to materialise at approximately DKK 21 billion compared to the previously guided range of DKK 19-21 billion.
The information in this announcement does not change Ørsted's expected investment level for 2017.
For further information
Investor Relations
Henrik Brünniche Lund
+45 99 55 97 22
Media Relations
Tom Lehn-Christiansen
+45 99 55 60 17
Ørsted
Kraftværksvej 53
Skærbæk
7000 Fredericia
www.orsted.com
CVR-no. 36 21 37 28
11 December 2017
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs and operates offshore wind farms, bioenergy plants and innovative waste-to-energy solutions and provides smart energy products to its customers. Headquartered in Denmark, Ørsted employs 5,600 people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2016, the company's revenue was DKK 61 billion (EUR 8.2 billion). For more information on Ørsted, visit orsted.com or follow us on Facebook, LinkedIn, Instagram and Twitter.