Ørsted schließt eine Vereinbarung zur Veräußerung des dänischen Stromverteilungs-, Privatkunden- und City Light-Geschäfts an SEAS-NVE

(WK-intern) – Ørsted hat eine Vereinbarung zur Veräußerung seiner dänischen Geschäftsbereiche Stromverteilung (Radius), Privatkunden und City Light an SEAS-NVE zu einem Preis von 21,3 Mrd. DKK auf bargeld- und schuldenfreier Basis unterzeichnet.

Der Erlös wird bei Abschluss der Transaktion in bar ausgezahlt.

Der Vertrag wurde aufgrund eines unverbindlichen Angebots geschlossen, das Ørsted von SEAS-NVE in der zweiten Junihälfte 2019 erhalten hatte.

Ørsted enters into an agreement to divest its Danish power distribution, residential customer and City Light businesses to SEAS-NVE

Ørsted has signed an agreement to divest its Danish power distribution (Radius), residential customer and City Light businesses to SEAS-NVE for a price of DKK 21.3 billion on a cash and debt-free basis. The proceeds will be paid in cash upon closing of the transaction.

The agreement has been entered into following an unsolicited, non-binding offer which Ørsted received from SEAS-NVE in second half of June 2019.

The agreement follows the decision made in June 2018 by Ørsted’s Board of Directors and Executive Management that Ørsted is not the best long term-owner of these businesses. The decision led Ørsted to initiate a structured divestment process for these businesses in autumn 2018. In January 2019, this divestment process was discontinued as the political support required to continue the process was no longer there.

Ørsted’s strategic ambition of becoming a global leader in green energy and the company’s significant expansion of renewable energy production would further reduce the strategic and financial importance of the Danish downstream business in the coming years.

Henrik Poulsen, CEO and President of Ørsted, says:

“With Ørsted’s global expansion in renewable energy, we’re no longer the right owner of Radius and the Danish residential customer and City Light businesses. We’re therefore happy to enter into an agreement with SEAS-NVE, which is Denmark’s second largest cooperatively-owned energy company, to buy these businesses. The agreement ensures an attractive transaction for Ørsted’s shareholders and provides a good future home for the customers and for our highly skilled employees. We’ll use the proceeds from the divestment to continue our global investments in green energy.”

The transaction is subject to regulatory approvals by the competition authorities and the Danish Energy Agency. Closing of the transaction is expected to take place in first half of 2020.

At closing of the transaction, approximately 750 employees working for Radius and the Danish residential customer and City Light businesses will transfer to employment with SEAS-NVE.

At closing, Ørsted expects the transaction to result in a gain on divestment of enterprises (not part of EBITDA) of DKK 11-12 billion, depending on capital employed on the day of closing.

Danske Bank and Citigroup acted as financial advisers to Ørsted in connection with the transaction.

The information provided in this announcement does not change Ørsted’s previously announced outlook for the 2019 financial year.

PR: Ørsted 

Pressebild: Ørsted Media Relations