Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Radius is rumoured to be worth DKK 26bn
December 4, 2018

According to Ritzau, different international companies have placed a bid on Ørsted’s electric grid business, Radius. Ørsted has previously announced the divestment plans. At current, Brookfield Asset Management, Allianz, PKA/Omers, ATP a.o. has placed DKK 26bn bids. The bids are not confirmed by Ørsted or the bidding companies. Radius reported a turnover of DKK 1.98bn and EBITDA of DKK 1.15bn in 2017, corresponding to an EV/EBITDA multiple of 22.6x.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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