The Goldman Sachs controlled company New Energy Investment has sold 1.78% of the shares in Dong Energy, a Danish energy company with a strong profile in renewables.

The shares have been sold to institutional investors in an accelerated bookbuilt offering at a price of DKK 321 per share equaling gross proceeds of approximately DKK 2.4 billion.

Upon the sale, New Energy Investment will hold 11,435,215 shares in Dong Energy, corresponding to 2.7% of the shares in Dong Energy.

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.