Ørsted puts Macquarie on ice
Ørsted has sold billions of dollars in assets to Macquarie in recent years, however, the energy company is now putting a stop to entering new agreements with the Australian investment bank, which has reportedly played a primary role in the cum-ex transaction the scandal. Although the two parties' recent partnership entered with the recent farm-down sale of offshore wind farm Race Bank will continue.
Ørsted and Macquarie were side by side on June 13th at the inauguration ceremony for UK offshore wind farm Race Bank. At the end of 2016, the state-controlled energy company had sold half of the project with its 91 turbines to the Australian investment bank for an approximate sum of DKK 14.2 billion (EUR 1.9 billion) – or in other words, for a sum totaling DKK 1.5 billion more than what the Danish state lost as a consequence of swindles with cum-ex transactions.
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