On 20 June 2011 DONG Energy announced that it had agreed with the Canadian energy infrastructure business Inter Pipeline Fund that Inter Pipeline Fund should acquire DONG Energy Oil Terminals for a total price of DKK 2.6bn.
The transaction was expected to be closed later this year. The parties have agreed to postpone closing until Q1 2012.
This delay will also postpone the announced net gain effect of the transaction until 2012. Besides this, the information provided in this announcement does not change DONG Energy's previous financial guidance for EBITDA for the 2011 financial year or the announced expected investment level.
For additional information, please contact:
+45 9955 2023
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 DKK 55 billion (EUR 7.3 billion) in revenue in 2010. For further information, see www.dongenergy.com.