GOLDMAN SACHS IN $2BIL OCEAN WIND BLDR BUY

Goldman Sachs, Pension Funds To Invest $2 Billion In DONG Energy

October 4, 2013 (North American Windpower)

“The Denmark government, majority owner of DONG Energy, plans to enter a deal whereby Goldman Sachs and two Danish pension funds will invest DKK 11 billion (approximately $2 billion) for a total 26% ownership interest in the energy company…[and] an initial public offering (IPO) of DONG Energy [is planned]…Goldman Sachs will invest DKK 8 billion, with pension funds Arbejdsmarkedets Tillægspension (ATP) and PFA Pension Forsikringsaktieselskab (PFA) investing DKK 2.2 billion and DKK 0.8 billion, respectively…[Ownership will be]:Goldman Sachs approximately 19%, ATP approximately 5% and PFA approximately 2%...[State ownership will be about 60%]…[The] final agreement [could] be concluded before year’s end…DONG Energy, which currently has almost 2 GW in offshore wind capacity, announced in September that it plans to reach 6.5 GW by 2020.” click here for more

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