Strategic considerations about ownership interest in Stadtwerke Lübeck GmbH
A process that may result in the sale of DONG Energy's share has been initiated.
DONG Energy can confirm rumours that the company has strategic considerations about its future engagement in Stadtwerke Lübeck GmbH.
A process that may result in the sale of DONG Energy’s share has been initiated. DONG Energy is a minority shareholder in Stadtwerke Lübeck GmbH, with a 25.1 per cent stake.
DONG Energy is highly satisfied with the cooperation with Stadtwerke Lübeck, but needs to release capital for new investments as part of its ambitious growth strategy.
DONG Energy’s plans concerning the potential sale of its minority shareholding do not change its commitment to the German market. Germany is and will remain an important part of DONG Energy’s international footprint. DONG Energy supplies stadtwerke and large industries with gas, electricity and related services, constructs offshore wind farms in the German sector of the North Sea and has gas storage facilities in Kiel, Etzel, Peckensee and Nüttermoor.
The information provided in this announcement does not change DONG Energy's previous financial guidance for the 2012 financial year or the announced expected investment level.
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Morten Hultberg Buchgreitz
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DONG Energy is one of the leading energy groups in Northern Europe. We are headquartered in Denmark. Our business is based on procuring, producing, distributing and trading in energy and related products in Northern Europe. We have approximately 6,400 employees and generated DKK 57 billion (EUR 7.6 billion) in revenue in 2011. For further information, see www.dongenergy.com.