He sells the company for 21 billion

The Danish energy company, He has sold his eldistributionsforretning, the Radius, to the andelsejede energy and fibernetkoncern SEAS-NVE. This was stated by O

He sells the company for 21 billion

The Danish energy company, He has sold his eldistributionsforretning, the Radius, to the andelsejede energy and fibernetkoncern SEAS-NVE. This was stated by O

Ann McDonald
Ann McDonald
18 September 2019 Wednesday 07:01
19 Reads
He sells the company for 21 billion

The Danish energy company, He has sold his eldistributionsforretning, the Radius, to the andelsejede energy and fibernetkoncern SEAS-NVE.

This was stated by Oersted, in a communication to the stock Exchange.

in Addition to the Radius disposes of Oersted in the deal is also his household and udendørsbelysningsforretning to SEAS-NVE.

The total sales is done for 21.3 billion kronor on a cash and debt free basis.

Sales at the same time, that 750 employees will move over to the SEAS-NVE.

- It is difficult to control the excitement a day like today.

With the acquisition, we have created a historically strong starting point for SEAS-NVE. We are not only bigger, but most importantly stronger, says Jesper Hjulmand, ceo at SEAS-NVE, in a press release.

This sale to do with the fact that in June last year the decision was made by the company, to Ørsted in the long term was not the best owner of the activities.

- With This global expansion in renewable energy, we are no longer the rightful owner of the Radius and the Danish household - and udendørsbelysningsforretning.

Updated: 18.09.2019 07:01
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