Selloff wipes off over $8 billion from Orsted’s market value

MILAN (Reuters) – A selloff in Orsted shares was set to erase over $8 billion from the market value of the world’s largest offshore wind farm developer on Wednesday, according to Reuters calculations, based on LSEG data.

The shares were last down by 25% in afternoon trading in their largest-ever daily drop after the Danish company said it may see U.S. impairments of $2.3 billion due to supply chain problems. Copenhagen’s OMX 20 index was down 1.5%.

(Reporting by Danilo Masoni; Editing by Amanda Cooper)