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Ørsted — M&A Activity 2011
Aug 31, 2011
3378_iss_2011-08-31_3c8ad605-c905-45e3-a9b4-399b3ec145ca.pdf
M&A Activity
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Company announcement
DONG Energy advised in a company announcement on 25 July 2011 that the company had made an agreement with Noreco for DONG Energy to acquire Noreco's interest in the Siri field in the Danish North Sea.
As stated in the announcement, Noreco had the right to sell its interest or a part of it to a third party up until 30 August 2011. Noreco has not exercised its right to sell to a third party.
DONG Energy expects its acquisition of Noreco's interest to be completed before the end of the year.
The information provided in this announcement does not change DONG Energy's previous financial guidance for the 2011 financial year or the announced expected investment level.
For further information, contact:
Media Relations Ulrik Frøhlke +45 9955 9560
Investor Relations Morten Hultberg Buchgreitz +45 9955 9750
DONG Energy A/S Kraftværksvej 53 Skærbæk 7000 Fredericia Denmark
www.dongenergy.com CVR No. 36 21 37 28
31 August 2011
DONG Energy is one of the leading energy groups in Northern Europe. We are headquartered in Denmark. Our business is based on procuring, producing, distributing and trading in energy and related products in Northern Europe. We have approx. 6,000 employees and generated DKK 55 billion (EUR 7.3 billion) in revenue in 2010. For further information, see www.dongenergy.com.