The EU Competition authorities has approved DONG Energy's acquisition of the German wholesale company KOM-STROM and filing for approval at the German financial supervisory authority BaFin has been completed. On this basis closing of the acquisition has now been completed. The acquisition announced on 11 August 2009 is part of DONG Energy's strategy to strengthen its position on the German market. “With KOM-STROM now being part of DONG Energy we can continue our efforts to be the preferred partner for Stadtwerke on the German gas and power market. We will put effort in the integration of KOM-STROM into DONG Energy in order to achieve the highest possible benefits for our customers”, says Executive Vice President in DONG Energy, Kurt Bligaard Pedersen. The content of this announcement does not alter the previously announced expectations for DONG Energy's financial result for 2009 or the announced expected level of investments. For further information, contact: Media Relations Ulrik Frøhlke +45 9955 9560 Investor Relations Morten Hultberg Buchgreitz +45 9955 9750 DONG Energy is one of the leading energy groups in Northern Europe. We are headquartered in Denmark. Our business is based on procuring, producing, distributing and trading in energy and related products in Northern Europe. We have approximately 6,000 employees and generated more than DKK 60 billion (EUR 8.2 billion) in revenue in 2008. For further information, see www.dongenergy.com.
DONG Energy closes acquisition of KOM-STROM