Offshore Wind Investment: DONG Energy Attracts DKK11-billion

MarineLink.com
Thursday, December 05, 2013

An investment agreement has been signed between  ATP, Goldman Sachs funds and PFA to invest DKK 11 billion in DONG Energy A/S.

The final closing of the transaction is conditional on the approval of the State Finance Committee of the Danish Parliament. 


Fritz Schur, Chairman of the Board of DONG Energy A/S, says: 
"We look forward to welcoming ATP, Goldman Sachs funds and PFA to DONG Energy's 
ownership group. The new equity entails that we can carry out our growth 
strategy, including our significant investment programme within offshore wind.

"
In this area, DONG Energy is today a global market leader and our ambition is 
to become even stronger. With this agreement, we will therefore be better 
equipped to create value for our owners, including our current shareholders 
where the Danish state is the majority shareholder. At the same time, we can 
continue our ambitious work on converting the energy supply to more green and 
climate-friendly energy sources." 


The agreement will result in the Danish State’s ownership interest 
in DONG Energy A/S being reduced from approximately 81 to approximately 60 per 
cent and the total ownership interest of the existing minority shareholders 
being reduced from approximately 19 to approximately 14 per cent.

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Rosneft and NADL Sign Exchange of Assets Deal

Rosneft, Seadrill Limited and North Atlantic Drilling Limited (NADL) signed a Framework Agreement that envisages long-term cooperation in the sphere of oilfield development projects.

Norman Murray, Petrofac Chairman Quits

Petrofac, the international oil & gas facilities service provider, today announces that Norman Murray, who has been Chairman since May 2011, has resigned from

MN 100: AEP River Operations

16150 Main Circle Drive, Suite #400 St. Louis, MO 63017 Tel: (636) 530-2100  Email: info@aepriverops.com Website: www.aepriverops.com President: Keith Darling The

Offshore

Gazprom, Vietnam Boost Cooperation in Energy Sector

The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Fam Suan Shon, Ambassador Extraordinary

Rosneft and NADL Sign Exchange of Assets Deal

Rosneft, Seadrill Limited and North Atlantic Drilling Limited (NADL) signed a Framework Agreement that envisages long-term cooperation in the sphere of oilfield development projects.

EBDG Completes Repower of COLUMBIA

Elliott Bay Design Group (EBDG), a leading naval architecture and marine engineering firm with offices in Seattle, New Orleans and Ketchikan, Alaska today announced

Finance

Sinopec's Profit up at 32.5 billion yuan in 1H, 2014

Asia's largest refiner - China Petroleum & Chemical Corporation announced Friday night, according to international accounting standards, the first half net profit of 32.

Polynesian Shipping Sold to Neptune Pacific Line

The Board of Polynesian Shipping Line Limited, Apia informed   that the business and the Company’s associated investments have been sold to Neptune Pacific Line Limited.

Airbus May Sell Stake in Submarine Supplier

Airbus is considering a sale of its 49 percent stake in submarine supplier Atlas Elektronik as part of a reshuffle of its military business, German newspaper Die

 
 
Maritime Contracts Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1172 sec (9 req/sec)