Danish Parliament Approves Goldman Sachs’ Investment in Dong Energy

Today, the Danish Parliament’s Finance Committee approved the agreement on capital investment in DONG Energy of approximately DKK 13 billion ($2.3 billion).

The investment comes partly from new investors, ATP, PFA, and Goldman Sachs, and partly from existing minority shareholders, SEAS-NVE, SYD ENERGI, Insero Horsens and Nyfors Entreprise. All the regulatory approvals necessary to implementing this agreement are thus ensured.

Implementation of the agreement is now only subject to standard terms and conditions which must be fulfilled on the date of the implementation of the agreement. It is expected that the agreement can be implemented in connection with an extraordinary general meeting expected to be held in February 2014.

Related: Goldman Sachs, Funds Pay $2B for Stake in Dong Energy

 Black day for Danish Energy

The Red-Green Alliance, a democratic socialist party, which currently has 12 seats in the Danish Parliament, today described the Finance Commitee’s move as a “black day for Danish energy.”

“It is very sad. Both because we lose important control of Danish energy development, and because the government and the right wing has been completely unwilling to make way for a democratic debate on the resolution,” says Dean Stine Brix, a member of the Alliance’s executive committee. The party describes itself as a body which opposes corporate driven globalization, neoliberal politics and privatization and fights for a public sector in which people, not profit, are at centre.

January 30, 2014

 

 

Share this article

Follow Offshore Energy Today

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Navingo Career Event

The Navingo Career Event is Europe’s biggest career event for the maritime…

read more >

Offshore Technology Conference (OTC) 2020 Postponed

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply