Global Leader in International Renewable Industry News

posted in:

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

posted in:

Other Renewable News

EPIA presents the Global Market Outlook for Photovoltaics 2014-2018 at Intersolar Europe 24-04-2014
Avianca Brasil and Byogy Renewables forge initiative to drive the global approval of Alcohol-to-Jet (ATJ) renewable jet fuel 24-04-2014
Intersolar North America strengthens focus on growing energy storage market 23-04-2014
GDF SUEZ Energy Resources NA again donates renewable energy certificates to the Houston Museum of Natural Science in Honor of Earth Day 23-04-2014
3M celebrates 10-year record of EPA ENERGY STAR sustained excellence award 23-04-2014
SolarWorld powers spread of grass-roots community solar purchasing from coast to coast 23-04-2014
Canadian Solar to supply 43MW of solar modules in Japan 23-04-2014
Nice-Pak products and PDI complete largest Rooftop solar array in Rockland County 22-04-2014
Renewable Energy Group achieves one billion gallon milestone 22-04-2014
KYOCERA invests in solar projects valued at $38M with U.S. Light Energy 22-04-2014