DONG Energy announced it divested its Norwegian gas-fired power plant Energiverk Mongstad to Statoil

12-7-2013 — /europawire.eu/ — DONG Energy has today signed an agreement with Statoil under which Statoil will acquire DONG Energy’s entire ownership stake of 100% of the shares in DONG Generation Norge AS which owns and operates the Norwegian gas-fired power plant, Energiverk Mongstad. The power plant was built by DONG Energy and operations commenced in 2010.

The aggregate sales price (enterprise value) for the 100% ownership interest is
NOK 1.8 billion (equivalent to approx. DKK 1.7 billion or EUR 229 million).
Closing is expected to take place in Q3. The transaction is expected to result
in a loss before tax of approx. DKK 160 million and will not have any impact on
EBITDA.

The divestment is an important element of the financial action plan DONG Energy presented on 27 February 2013, in which the company announced its intention to divest non-core activities of a value of DKK 10 billion in 2013-2014.

“With the divestment of Mongstad, we are taking another significant step
towards the realisation of our financial action plan. We have now divested a
total of approx. DKK 9 billion of non-core activities.” said Henrik Poulsen,
CEO of DONG Energy.

The information provided in this announcement does not change DONG Energy’s previous financial guidance for the 2013 financial year or the announced expected net investment level for 2013-2014.

For additional information, please contact: 

Media Relations
Carsten Birkeland Kjær
+45 9955 7765

Investor Relations
Allan Bødskov Andersen
+45 9955 9769

DONG Energy is one of the leading energy groups in Northern Europe. Our
business is based on procuring, producing, distributing and trading in energy
and related products in Northern Europe. DONG Energy has nearly 7,000 employees and is headquartered in Denmark. The Group generated DKK 67 billion (EUR 9.0 billion) in revenue in 2012. For further information, see www.dongenergy.com