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Danish energy group DONG Energy A/S acquires local electricity supply company Frederiksberg Forsyning A/S.

NORDIC BUSINESS REPORT-5 January 2009-Danish energy group DONG Energy A/S acquires local electricity supply company Frederiksberg Forsyning A/S(C)1994-2009 M2 COMMUNICATIONS LTD http://www.m2.com

Danish energy group DONG Energy A/S announced on Monday (5 January) that it has agreed to acquire the electricity supply operations of the Danish municipal utility Frederiksberg Energi A/S.

The DKK178m deal includes the supply company Frederiksberg Forsyning A/S, and its property subsidiary.

DONG Energy is already running the municipality's district heating, town gas, sewage and water operations under a service agreement.

DONG Energy, headquartered in Copenhagen, Denmark, is one of Northern Europe's leading energy groups. The group has over 5,000 employees and reported revenue of DKK41.6bn in 2007.

One British pound (GBP) is worth approximately 7.91 Danish kroner (DKK).

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Publication:Nordic Business Report
Article Type:Brief article
Geographic Code:4EUDE
Date:Jan 5, 2009
Words:147
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