Orsted shares fall as disinvestment plans hit a road-block

The shares of Orsted took a dip after the energy company, which is 50.1 per cent owned be the Danish government, announced that there was no longer required political support for continuing the ongoing divestment process of its power business. The world’s largest offshore wind farm developer had put its Danish power distribution and residential customer businesses up for sale to focus on developing its international renewable energy operations. The main opposition party of Denmark, however, did not support the sale because it wanted democratic control over critical infrastructure.

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