DONG Energy Divests Its Dutch Sales Business

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.

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Press release, January 21, 2014; Image: DONG Energy