DLG, one of the largest agricultural companies in Europe, and DCC Energi, Denmark’s largest distributor of Shell energy products, have agreed to combine their energy businesses in Denmark.
The partnership will become one of the leading energy businesses in Denmark, selling a broad range of energy products and services such as diesel, heating oil, marine fuel, lubricants, biofuels, electricity and natural gas throughout Denmark both to existing and new customers.
The vision of the new energy partnership is to become market leader for energy products in Denmark.
The DLG group is one of Europe's largest agricultural companies with approx. 7,500 employees in 40 subsidiaries located in more than 20 countries. In 2014, the group had a turnover of approx. DKK 59 billion. On an overall basis, DLG generates 23 per cent of its revenues from its energy business with Germany as its largest market.
DCC Energi is the Danish subsidiary of DCC Energy. DCC Energy is the leading oil and liquefied petroleum gas (LPG) sales, marketing and distribution group in Europe. DCC Energy operates across 10 European countries with product sales of approx. 12.5 billion litres to more than one million customers. DCC Energy is the largest division of DCC plc, a FTSE 250 listed company with a market capitalisation of approx. GBP 3.0 billion.
Bruun & Hjejle acted as legal adviser to DLG.