BRIEF-Ørsted To Divest Its French Onshore Business

Reuters04-29

April 29 (Reuters) - Oersted A/S :

* ØRSTED TO DIVEST ITS FRENCH ONSHORE BUSINESS

* TRANSACTION IS EXPECTED TO CLOSE IN Q2 OF 2024

* TO DIVEST FRENCH ONSHORE OPERATIONS TO ENGIE

* WITH THE DIVESTMENT OF OSTWIND FRANCE, ØRSTED WILL HAVE NO REMAINING ACTIVITIES IN FRANCE

* SIGNED A SHARE PURCHASE AGREEMENT UNDER WHICH ENGIE WILL ACQUIRE OSTWIND INTERNATIONAL S.A.S., OSTWIND ENGINEERING S.A., AND THEIR SUBSIDIARIES (JOINTLY OSTWIND FRANCE), ØRSTED'S ONSHORE WIND AND SOLAR BUSINESS IN FRANCE

* WITH DIVESTMENT OF OSTWIND FRANCE, ØRSTED WILL HAVE NO REMAINING ACTIVITIES IN FRANCE

Source text for Eikon: Further company coverage:

(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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