Danes OK Dong Goldman deal
The Danish Parliament’s Finance Committee has approved the investment of DKr11bn ($2bn) in state-controlled Dong Energy by Goldman Sachs and two pension funds.
The involvement of the US investment bank caused uproar in Denmark, with swathes of the public opposed and socialist parliamentarians staging a walk out from the government over the issue.
But the investment – which Dong has said will allow it to pursue its significant offshore wind ambitions – has now secured “all the regulatory approvals necessary to implementing this agreement", the company said in a statement.
Goldman Sachs is putting in DKr8bn of the money and will get a 19% stake in Dong.
Dong said finalising the deal is now only subject to “standard terms and conditions” which it expects to tie up for an extraordinary general meeting next month.