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.
