Denmark-based wind power specialist Cadeler has successfully completed a private placement of new shares that adds $97m to its coffers as it expands a newbuilding programme for wind turbine installation vessels (WTIVs).
The Oslo-listed company was able to sell 23m shares at NOK 34.50 ($4.22) each, representing about a 7.5% discount from its previous closing price of NOK 37.30.
The placement represents about 20% of the WTIV owner's outstanding share count of 115.6m
