Global offshore wind pacesetter Dong Energy hailed its “transformation into a leading pure-play renewables company” after agreeing to sell its oil and gas business for up to $1.3bn.
The Danish group struck a deal with the UK’s Ineos that will see the latter take on Dong E&P when the transaction completes in the third quarter of 2017.
Dong first announced plans to divest its fossil-focused assets last year, and the deal will see it receive $1.05bn
