Goldman Sachs Company Selling DONG Energy Shares

Posted by Betsy Lillian on August 30, 2017 No Comments
Categories : New & Noteworthy

New Energy Investment (NEI), a Luxembourg-based company indirectly owned by entities under the control of the merchant banking division of Goldman Sachs, has launched an accelerated bookbuild offering to institutional investors of 7.5 million existing shares in DONG Energy.

According to DONG Energy, a further notice will be issued on behalf of NEI following completion of the bookbuilding and pricing of the transaction.

NEI has agreed to a 60-day lock-up period, subject to waiver with the prior written consent of a certain manager conducting the bookbuilding process and to certain customary exceptions, DONG Energy says.

Assuming all the shares available in the transaction are sold, NEI will, after completion of the transaction, still hold roughly 11.44 million shares in DONG Energy.

DONG Energy notes it will not receive any proceeds from the transaction.

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