Goldman Sachs cuts stake in DONG Energy

New Energy Investment (NEI), a Goldman Sachs firm, is selling 6.3% of its stake in DONG Energy. The Danish utility states NEI has agreed to dispose of 26.5 million of […]

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By Priyanka Shrestha

New Energy Investment (NEI), a Goldman Sachs firm, is selling 6.3% of its stake in DONG Energy.

The Danish utility states NEI has agreed to dispose of 26.5 million of its shares to “certain institutional investors”, each with a value of DKK10 (£1.16).

That leaves NEI with a 7% stake in DONG Energy.

The news comes after DONG Energy reported an increase in profits last year.

The Goldman Sachs Group plans to invest $150 billion (£120.6bn) in clean energy by 2025.

Last week DONG Energy said it plans to phase out the use of coal in the next six years.