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Ørsted CEO expects to sell Radius in second half of 2019
May 2, 2019

With the release of Ørsted’s Q1 report, the CEO said, during a teleconference, that he expects to divest Radius in the second half of 2019. As the previous sales process was far into negotiation, Ørsted expects the divestment of Radius to be a quick process. According to Reuters, the minimum bid to be in the final part of the sales process was DKK 18.7bn, which corresponds to an EV/EBITDA multiple of 16.1x.

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