Cadeler A/S Reports Strategic Withdrawal of ADRs by Key Stakeholders

Cadeler A/S Sponsored ADR ( (CDLR) ) has shared an announcement.

On February 21, 2025, Cadeler A/S reported transactions involving the withdrawal of American Depositary Receipts (ADRs) by Emanuele Lauro, Vice-Chairman of the Board, and associated entities Scorpio Holdings Limited and Scorpio Services Holding Limited. These transactions, which involved exchanging ADRs for underlying shares, were driven by a preference to hold shares directly rather than through ADRs. The transactions did not affect the beneficial ownership of the shares, indicating a strategic move to streamline shareholding structures without altering ownership stakes.

More about Cadeler A/S Sponsored ADR

Cadeler A/S is a global leader in offshore wind installation, operations, and maintenance services. The company operates solely in the offshore wind industry, focusing on safety and environmental sustainability. Cadeler owns and operates the largest fleet of jack-up offshore wind installation vessels and has been a key supplier in the development of offshore wind energy for over a decade. The company is listed on the New York Stock Exchange and the Oslo Stock Exchange.

YTD Price Performance: -19.00%

Average Trading Volume: 39,087

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $1.64B

For an in-depth examination of CDLR stock, go to TipRanks’ Stock Analysis page.