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Dong considers E&P spin-off

10th March 2015

Dong Energy has hired advisers to explore a potential spin-off or sale of its E&P business

Dong Energy has hired advisors to explore a potential spin-off or sale of its E&P business
Dong Energy further confirmed that the said process has been initiated and that J.P. Morgan has been engaged to advise on it. Source: Dong Energy

Dong Energy has confirmed that, in connection with the capital injection in Dong Energy in February 2014, it was agreed to prepare a plan for Dong Energy’s continued development ahead of a potential IPO.

Dong Energy further confirmed that the said process has been initiated and that J.P. Morgan has been engaged to advise on it. 

The process is still at an exploratory stage and is not expected to be completed before the second half of 2015, according to Dong. At this point, different scenarios are being investigated, but no decisions have been made, it said.

Dong Energy will make market announcements as and when final decisions may have been taken. 

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