Business · Companies · 9 hrs ago

Orsted buys back stake in British offshore wind farm for $20 million

Orsted buys back stake in British offshore wind farm for $20 million

Orsted has bought back a stake in an offshore wind farm in Britain.

The purchase price was $20 million.

A stake is a share of ownership in a project.

Buying it back means Orsted has acquired that share again.

The available information does not identify the wind farm or say who previously held the stake.

It also gives no reason for the buyback or details about what happens next.

Sources

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