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Dong ready for massive investments

The Danish Parliament has approved the sale of a 26 percent stake in Dong Energy to Goldman Sachs and other investors. It is now time to invest, says the Danish Minister of Finance.

Photo: Magnus Holm/Polfoto

Dong is now "on solid ground." That is the brief conclusion presented by Minister of Finance Bjarne Corydon (Social Democrat), after the Danish Parliament's Financial Committee approved the controversial sale of an 18 percent stake in Dong Energy to American investment bank Goldman Sachs.

Following the approval of the sale - the subject of heavy debate since it was announce on October 2nd that the government planned to sell 25 percent of Dong Energy to ATP, PFA, and Goldman Sachs, for a total USD 2 billion - the Minister of Finance has now changed his rhetorics, from talking about a company that sounded like it was on the brink of financial ruin, to now focusing instead on the possibility of massive investments going forward.

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