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Dong Energy A/S Divests Ownership Interest In Stadtwerke Lubeck GmbH


Friday, 12 Jul 2013 03:48am EDT 

Dong Energy A/S announced that subject to certain conditions including merger control clearance in Germany, the initial sales process has been finalised, and the ownership interest will be acquired by STAWAG, Stadtwerke Aachen Aktiengesellschaft. The sales price for the 25.1% ownership interest is EUR42.3 million (equivalent to approx. DKK315 million). The transaction is expected to result in a gain before tax of DKK176 million. The gain will not have any impact on EBITDA. 

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