Market Chatter: Apollo Global Management in Talks to Buy 50% Stake in Orsted's Hornsea 3 Wind Project

MT Newswires Live

Sep 26

Apollo Global Management (APO) is in discussions to acquire a 50% stake in Orsted's 8.5 billion pounds ($11.34 billion) Hornsea 3 offshore wind farm off the UK's east coast, Financial Times reported Friday, citing sources familiar with the matter.

The report said that the 2.9-gigawatt project is one of eight offshore wind farms Orsted is racing to complete amid rising costs, supply chain issues, and political uncertainty that have strained the company's finances.

Orsted plans to raise at least 35 billion Danish Kroner ($5.5 billion) through the sale of assets, including Hornsea 3, a stake in a Taiwanese wind project, and its European onshore wind business, according to Financial Times.

Orsted and Apollo Global Management did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0006061336.USD","symbol_name":"Blackrock US Small and MidCap Opportunities A2 USD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2570000052","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2570000052","pubTimestamp":1758886757,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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