The Goldman Sachs controlled company New Energy Investment has sold 2.5% of its shares held in Dong Energy, a Danish energy company with a strong profile in renewables, equivalent to a total of 10,509,527 of its existing shares.

The shares have been sold to institutional investors in an accelerated bookbuild offering at a price of DKK 270 a piece equaling gross proceeds of approximately DKK 2.8 billion.

Upon the sale, New Energy Investment will hold 18,935,215 shares in Dong Energy, corresponding to 4.5% of the existing shares.

Bruun & Hjejle acted as legal counsel to New Energy Investment, a Luxembourg company indirectly owned by entities under the control of the Merchant Banking Division of The Goldman Sachs Group, Inc.