CEO Anders Runevad said the planned issue – which could raise about €450m ($608m) – would be used in line with the company’s organic growth strategy.
"Our strategy is based on organic growth. We're clear on that, we have not included any M&A, that is not the reason. There is no change to our JV with MHI," Runevad said, responding to a question by Recharge Insight director Robert Clover at the Vestas analyst meeting in Copenhagen earlier.
Clover,
