Following a aggressive divestment course of, Ørsted has signed an exclusivity settlement with Cathay Life Insurance coverage as we speak, choosing the Taiwanese main insurance coverage firm and its affiliate as most well-liked bidder for the acquisition of a 50 % possession stake in whole of Ørsted’s 583 MW Better Changhua 4 Offshore Wind Farm in Taiwan.
Ørsted and Cathay Life Insurance coverage have agreed to an exclusivity interval lasting till 17 January 2024, throughout which each events will finalise negotiations of the transaction paperwork and confirmatory due diligence.
Beneath the Taiwan Inventory Alternate disclosure guidelines, Cathay Life Insurance coverage is required to make a public announcement upon being chosen as most well-liked bidder.
Topic to signing of the transaction, the completion of…
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Extra: Official Press Launch Ørsted
- Key phrases:
- Ørsted, wind farm, offshore, sale, bidder, possession, Better CHanhua 4, Taiwan, Catahay, acquisition
