Dong talks to minister over finance options

Dong is the world's biggest offshore operator

Dong is the world's biggest offshore operator

Dong Energy has confirmed it is in talks with its main owner – Denmark’s government – over ways to bolster its finances.

Reports in Denmark suggest Dong – the world’s biggest offshore wind operator – needs funds to help meet its considerable future ambitions in the sector, with the state and private investors being considered as possible sources.

The dialogue with the government is over “possible initiatives aimed at strengthening its capital structure, including a potential injection of equity”, the company says in a statement.

“The strengthening of the capital structure is to contribute to the development of the group’s profitable core areas,” says the Dong statement, adding that discussions with the Ministry of Finance are ongoing.

The statement was released after Danish newspaper Weekendavisen Log in to read complete article.

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