Ørsted investment case remains positive after Andel share sale

Citi has maintained its “buy” recommendation for Ørsted despite a significant share sale by Andel. The energy giant Andel sold approximately 22.8 million shares in Ørsted for 3.1 billion DKK, reducing its stake from 5.0 percent to 3.4 percent.

Following the announcement, Ørsted shares saw a decline of 2.5 percent, trading at 138.70 DKK. However, analysts at Citi suggest that the investment case for the company remains unchanged by this divestment.