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A group of investors led by Goldman Sachs has been given the final seal of approval to invest a total of DKK 11 billion (£1.24 billion) in Dong Energy.
Funds managed by Goldman Sachs bought DKK8 billion-worth of shares, taking its stake up to 19 per cent, while the two pension funds, ATP and PFA, will have a joint stake of 7 per cent.
A majority of the Danish parliament’s finance committee gave the final go-ahead yesterday to the deal, which was first announced in October.
The investment means that the Danish government’s share in Dong Energy, which has a 50 per cent stake in the London Array offshore windfarm, fell from 80 per cent to 60 per cent.
Bjarne Corydon Denmark’s finance minister, said: “It’s good that Dong Energy now has firm ground under its feet.
“Parliament has today made sure that one of our biggest companies now can make substantial investments rather than scaling back.”
However, the move is controversial and thousands of Danish protesters last night gathered outside the parliament last night to demonstrate against the deal.
The decision also prompted one of the ruling coalition’s three parties, the Socialist People’s Party to leave the government.
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