Luxembourg-based New Energy Investment S.à r.l. (NEI) has launched an accelerated bookbuild offering to institutional investors of 10,509,527 existing shares in DONG Energy.
The offering corresponds to approximately 2.5% of the share in the Danish energy company.
NEI initially planned to sell up to 8,828,000 existing shares in DONG Energy, however, the investor subsequently decided to increase the amount of shares offered ”due to strong investor demand.”
Assuming the entire amount of shares available in the transaction is sold, NEI will hold 18,935,215 shares in DONG Energy corresponding to approximately 4.5% of the share capital in the company.
Back in February 2017, NEI launched an accelerated bookbuild offering of 26,500,000 shares in DONG Energy, equivalent to 6.3% of the share in the company.
NEI is a Luxembourg company indirectly owned by entities under the control of the Merchant Banking Division of The Goldman Sachs Group, Inc.