Danes OK Dong Goldman deal

Dong wants the investment to help pursue its offshore wind plans

Dong wants the investment to help pursue its offshore wind plans

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 Log in to read complete article.

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login


Recharge Monthly Magazine