Connect with us

Hi, what are you looking for?


Fossil Fuels

DONG Energy Divests Its Danish Gas Business

Danish energy company DONG Energy announced earlier this month that it had divested its Danish gas distribution business to

In a move tied in with the company’s intentions to launch an initial public offering (IPO), DONG Energy announced that it had divested its Danish gas distribution company, DONG Gas Distribution A/S, which will be acquired by the state-owned for 2.3 billion Danish kroner ($352 million).

DONG Energy described the transaction as “part of the political agreement regarding DONG Energy’s Initial Public Offering,” which the company confirmed last week. After the results of its IPO roadmap were published last September, DONG Energy has been making tentative steps towards announcing its IPO intentions — which came to fruition on May 12, when the company confirmed that it intends to proceed with its IPO.

The Kingdom of Denmark currently owns 58.8% of DONG Energy, which explains the political agreement that necessitated the sale of the company’s gas distribution business. The sale of the business is still subject to approval by the country’s Ministry of Finance, the Ministry of Energy, Utilities and Climate, and competition authorities, and the two companies are set to enter into a transitional services agreement under which services are provided for an agreed period post-closing. DONG Energy will also transfer 97 employees to when the transaction is closed.

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Autonomous Drones for Better Farming

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (, and can be found writing articles for a variety of other sites. Check me out at for more.


You May Also Like


A decade ago in 2013 I experienced an electric Mercedes-Benz Vito meant for the Danish postal system. A limited test fleet was deployed, but...

Clean Transport

Electric vehicle adoption is jumping in countries around the world, but perhaps no more quickly than in Europe’s wealthier northerly nations. Along with higher...


One of the most exciting car companies in the world — from my perspective — is the Chinese “smart EV” startup XPeng. It’s been...


Within what seems like no time at all, several 12–24 stall Tesla Superchargers have come online in Denmark. They come up so fast that...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.