DONG Energy Sells Transmission Network to

Monday, December 24, 2007      

DONG Energy A/S has entered into an agreement with 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

“With the divestment of the transmission network to 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.


Article Tags

Dansk Olie og Naturgas A/S (DONG) Denmark West Europe 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

Related News

Join 80,000 oil and gas professionals who receive our weekly newsletter.

You may unsubscribe at any time with one click.

Upcoming OilVoice Training Course

Oil & Gas Leadership Essentials: Presenting and Persuading
This is a two day course, running on Monday 1st and Tuesday 2nd February 2016 Course Summary Presenting persuasively is an essential leadership skill. As we fight for more limited financial resources in today’s low oil price environment, those who take the initiative to possess this skill will now,...
London - 01 Feb

Richard Grant


Discount Code
OilVoice-10 for 10% off any course.View Course

All OilVoice Training Courses
Popular Headlines View all

Mars Omega Inside Track View all

OilVoice has teamed up with specialist information providers Mars Omega, to provide you with exclusive reports on the most complex and volatile areas of exploration.

Politics and power: an insight into Iran's decision makers and takers

Nigeria: navigating the Delta

Latest Opinion View all

Join 90,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Create profile

Time for a change? All jobs Jobs near you

OilVoice Training All upcoming


OilVoice, established in 2002, is your leading source of upstream news, jobs and industry information.


Each week we send our weekly industry round-up. Why not try it? You may unsubscribe at any time.

Contact OilVoice

Milton Keynes
United Kingdom
Phone: +44 207 993 5991
Contact Us

Stay Connected

2015 © OilVoice  .  Privacy Policy  .  Terms of Service  .  Oil Careers  .  Advertise with us