DONG Energy Sells Transmission Network to Energinet.dk
DONG Energy A/S has entered into an agreement with Energinet.dk on the sale of DONG Energy's 132 kV transmission network in North Zealand at a price of DKK 2 billion.
DONG Energy's acquisition of the former Elsam released an obligation to sell the transmission network to Energinet.dk
“With the divestment of the transmission network to Energinet.dk we have now fulfilled the demands and obligations that we were prescribed in connection with the merger of the six energy companies”, says CEO Anders Eldrup, DONG Energy.
The transmission network will prior to the sale be spun off into a new company and thus the sale is not expected to be completed until after the first quarter of 2008.
The sale of the transmission network is estimated to generate an accounting gain after tax of DKK 0.5 billion, which will be recognised in the income statement for 2008.
Join 80,000 oil and gas professionals who receive our weekly newsletter.
You may unsubscribe at any time with one click.
Dansk Olie og Naturgas A/S (DONG)
Acquisitions & Mergers
This article is for information and discussion purposes only and does not form a recommendation
to invest or otherwise. The value of an investment may fall. The investments referred to in this
article may not be suitable for all investors, and if in doubt, an investor should seek advice from
a qualified investment adviser. More
Upcoming OilVoice Training Course
Mastering 4D Seismic
This is an intensive day’s course covering all aspects of time-lapse seismic (4D) methodology so that attendees can participate in any aspect of 4D technology. The course gives a perspective on the development of 4D seismic from the 1980’s to its present use in mature areas. Linkages with Reservoir ...
All OilVoice Training Courses