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DONG Energy A/S Signs Agreement With PGE And Energa To Divest Its Polish Onshore Wind Business


Tuesday, 19 Feb 2013 07:23am EST 

DONG Energy A/S announced that it has signed an agreement with two Polish utilities, PGE and Energa, under which PGE and Energa will acquire DONG Energy's Polish onshore wind business. PGE and Energa will each acquire separate parts of the activities. The aggregate selling price (enterprise value) for the wind-business is approximately PLN1.0 billion (equivalent to approximately DKK1.8 billion). DONG Energy's Polish onshore wind business has a position in development and operation of onshore wind energy in Poland. The business operates three wind farms with a total installed capacity of 111.5 MW and has a development portfolio of more than 700 MW. The business includes a Polish organisation of approximately 40 employees, who will be employed by PGE and Energa going forward. The transaction is expected to be completed later in 2013 after competition authority approvals have been obtained. 

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2.79
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22 Aug 2014