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The Danish competition authorities and the Danish Energy Agency have approved Ørsted’s divestment of its power distribution, residential customer, and city light businesses

Written by Customer Service on . Posted in Public Companies.

On 18 September 2019, Ørsted announced that the company had signed an agreement to divest its Danish power distribution business (Radius) as well as its residential customer and city light businesses to SEAS-NVE. The transaction was subject to approval by the Danish competition authorities and the Danish Energy Agency. Both authorities have now approved the transaction.The information provided in this announcement does not change Ørsted’s previously announced guidance and expected investment level for the 2020 financial year.Media Relations
 Ulrik Frøhlke
+45 99 55 95 60Ørsted’s vision is to create a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants, and provides energy products to its customers. Ørsted ranks #1 in Corporate Knights’ 2020 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 6,600 people. Ørsted’s shares are listed on Nasdaq Copenhagen (Orsted). In 2019, the company generated revenue of DKK 67.8 billion (EUR 9.1 billion). For more information on Ørsted, visit orsted.com or follow us on Facebook, LinkedIn, Instagram and Twitter. Attachment24JUNE2020_Company announcement_Competition authorities approves divestment

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