Goldman trio put $2bn into Dong

Denmark’s Dong Energy is on course to get a total of DKr11bn ($2bn) of investment from Goldman Sachs and two pension funds, and will seek a stock exchange listing.

The agreement to invest in Dong – the world’s biggest offshore wind operator – was first flagged-up last week and confirmed by the company and the Danish government today.

Goldman Sachs accounts for DKr8bn of the investment, which will be made via subscription to new shares.

Following finalisation of the deal the Wall Street giant will own about 19% of the company and be represented on the board of Dong, along with pension fund ATP, which is putting in DKr2.2bn for about 5%.

The third investor PFA will own about 2%.

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