DONG Energy completes purchase agreements with the City of Copenhagen and the Municipality of Frederiksberg
On 1 May 2006 DONG Energy completed the share purchase agreements with the City of Copenhagen on the acquisition of København Energi's electricity activities and 34 per cent stake in Energi E2.
The share purchase agreements relating to DONG Energy's acquisition of Frederiksberg Forsyning's electricity activities, including the latter's 2.26 per cent shareholding in Energi E2, were also completed on 1 May 2006.
At the Annual General Meeting of DONG Energy on 19 April 2006 DONG Energy and SEAS-NVE completed their agreement to exchange SEAS-NVE's 24 per cent shareholding in Energi E2 for shares in DONG Energy. Moreover, DONG Energy acquired Energi E2 shares from the following four municipalities at the end of April: Elsinore, Hillerød, Roskilde and Slagelse Municipalities, equivalent to a total shareholding of 3.63 per cent.
The remaining 36 per cent of the shares in Energi E2 are currently held indirectly by Elsam. DONG Energy now holds 64.7 per cent of the shares in Elsam. Final transfer of the remaining Elsam shares from Vattenfall and the subsequent divestment of Elsam's and Energi E2's electricity generation activities to Vattenfall are expected to take place during the summer.
DONG Energy now controls, directly or indirectly, all shares in Energi E2 A/S and 64.7 per cent of the share capital of Elsam A/S. Furthermore, DONG Energy's acquisition of the electricity activities of the City of Copenhagen and Frederiksberg Municipality has been completed.
For further comments, contact:
Louise Münter, Head of Media Relations: +45 4517 1545
Michael Steen-Knudsen, Head of Investor Relations: +45 4517 1556