DONG Energy completes divestment of 50 % of offshore wind farm Borkum Riffgrund 1 to KIRKBI A/S and Oticon Foundation
23 February 2012 KIRKBI A/S and Oticon Foundation – the latter via its investment company, William Demant Invest A/S - signed an agreement to buy a 50 % stake in the 277,2 MW Borkum Riffgrund 1 offshore wind farm from DONG Energy.
Completion of the transaction was conditional on approval by the competition authorities. As the approval has now been granted, the parties have completed the transaction.
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.
For additional information, please contact:
Rune Birk Nielsen
+45 9955 6543
Morten Hultberg Buchgreitz
+45 9955 9750
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.