EnergyWatch

Danish utility plays joker in bid war for Ørsted's DSO sale

A reduced circle of Danish and international investors will place bids within a few of days for Ørsted's distribution system operator subsidiary worth billions of euros. Danish utility Ewii has now entered the game.

Photo: Ritzau Scanpix/Mads Claus Rasmussen

The mid-sized Danish utility, Ewii, operator of Denmark's absolutely cheapest power grid via subsidiary Trefor El-net, appears as a joker in the ongoing bid war among Danish and international investors to buy Ørsted's distribution system operator subsidiary, Radius.

According to EnergyWatch's information, the Ewii group is a part of the circle of investors that will place non-binding, indicative bids in the coming days for Radius and the company's approximately 1 million power customers. Unofficial estimates value the company between DKK 10-15 billion (EUR 1.34 - 2.01 billion).

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