EnergyWatch

Goldman Sachs continues its withdrawal from Dong Energy

The investment bank is reducing its ownership of Dong to a fifth of what it was six months ago, with the sale of further shares at DKK 2.5 billion.

Photo: /ritzau/Joachim Adrian/Arkiv

Goldman Sachs has taken yet another step away from Dong Energy. With its third share divestment over the past half year, the US investment bank is bringing its ownership of the Danish utility down to 2.7 percent. This leaves it with a fifth of what the bank owned when Dong issued its annual report in February.

The sale comes from Goldman Sach's Luxembourg-based company New Investment Energy (NIE) which is the formal owner of Dong's shares. 7.5 million shares, 1.78 percent of the total stock, are up for sale, after which NIE will own 11.4 million shares. Wednesday, the shareholding was worth DKK 2.47 billion without calculation of possible discount.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs