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DONG Energy divests its sales business in the Netherlands

Wednesday, Jan 22, 2014

DONG Energy today signed an agreement to divest its sales activities in the Netherlands – DONG Energy Sales B.V. – to Eneco. DONG Energy has agreed with the buyer that the sales price will not be disclosed. The divestment is still subject to certain conditions, including merger control clearance in the Netherlands.

The divestment will not alter the focus on the Netherlands as a part of DONG Energy’s geographical footprint, including inter alia activities in offshore wind and LNG shipping through the terminal in Rotterdam.

DONG Energy Sales B.V. sells electricity and gas to residential and commercial customers and manages back-office-services to a third party. The transaction concerns the sales activities only. Communication with the respective works councils has been initiated regarding the affected employees.

The information provided in this announcement does not change DONG Energy’s previous financial guidance.

DONG Energy is one of the leading energy groups in Northern Europe. Our business is based on procuring, producing, distributing and trading in energy and related products in Northern Europe. DONG Energy has approximately 6,500 employees and is headquartered in Denmark. The Group generated DKK 67 billion (EUR 9.0 billion) in revenue in 2012. For further information, see www.dongenergy.com.

Source: DONG Energy

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