DONG Energy to Raise USD679.1 Million in Public Offering of Shares

Published: Oct 10 2017
Deal Summary

DONG Energy A/S, a power generation, distribution and transmission company, has agreed to issue 11,435,215 shares at a price of DKK375 (USD59.39) per share for gross proceeds of DKK4,288.5 million (USD679.21 million) in a public offering. The shares will be sold to institutional investors on a accelerated bookbuilding basis.

The shares sold in the offering are existing shares held by New Energy Investment S.a.r.l, an investment compay indirectly owned by investment bank Goldman Sachs. The shares sold in the offering represents 2.7% stake of the total outstanding share capital of DONG Energy. The company will not receive any proceeds from the offering.

Earlier on August 30, 2017, New Energy Investmen has agreed to sell 7,500,000 shares, representing 1.78% stake in DONG Energy at a price of DKK321 (USD51.8) per share for a consideration of DKK2,407.5 million (USD388.33 million) in a public offering on a accelerated bookbuilding basis.

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