Bloomberg News

Dong Completes $790 Million Sale of Offshore Wind Stake

May 25, 2012

Dong Energy A/S completed the sale of a 50 percent stake in its Borkum Riffgrund 1 offshore wind power project in Germany to Kirkbi A/S, parent company of Lego Group, and the Oticon Foundation.

The Danish utility finalized the 4.7 billion kroner ($790 million) transaction for the 277.2-megawatt project after competition authorities approved the deal, it said today in a statement. The sale was announced on Feb 23.

To contact the reporter on this story: Marc Roca in London at mroca6@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net


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