European Energy fails attempt to attract minority owner

In the spring, the Danish developer began a process of divesting a minority share, confirms CEO Knud Erik Andersen.

Photo: Gregers Tycho/ERH

European Energy has failed an attempt to sell a part of the company in a major transaction, company chief executive and founder Knud Erik Andersen tells Danish business daily Børsen.

”When we started the process in the spring, the market was decent, but it gradually got worse,” he says to Børsen, confirming that dialogs with several potential investors have taken place.

European Energy had employed financial adviser FIH Partners to examine the options of bringing a minority owner into the company.

As reported by EnergyWatch on Monday, European Energy has just received an approval to build Sweden’s largest solar wind farm.

The developer is by now represented in more than 25 countries.

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