DONG Energy Gets $2B Capital Boost from Goldman Sachs, Funds

DONG Energy Gets $2B Capital Boost from Goldman Sachs, Funds


COPENHAGEN, Oct 2 (Reuters) - Danish state-owned oil and gas group DONG Energy said funds managed by Goldman Sachs and two Danish pension funds, will invest 11 billion Danish crowns $2 billion in the group in return for new shares.

Goldman Sachs will subscribe for new shares worth 8 billion crowns, Arbejdsmarkedets Tillægspension (ATP) for 2.2 billion and PFA Pension Forsikringsaktieselskab (PFA)for 0.8 billion. This would value the company at 31.5 billion crown prior to the capital increase, the group said in the statement.

The parties have agreed to seek an initial public offering (IPO) of DONG Energywhen conditions are right, it said.

Copyright 2017 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Project Controls Specialist
Expertise: Planner / Scheduler|Project Controls
Location: Anchorage, AK
Senior Budget Analyst Job
Expertise: Accounting|Budget / Cost Control|Financial Analyst
Location: Denver, CO
US Houston, Texas: Operations Finance Manager
Expertise: Accounting|Financial Analyst
Location: Houston, TX
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours