DONG Energy divests upstream business to INEOS

DONG Energy has today agreed to divest the entire share capital of DONG EandP A/S to INEOS for an unconditional payment of DKK 7.0 billion on a cash and debt free basis, a contingent payment of $150 million (DKK 1.0 billion) related to the Fredericia stabilization plant and a contingent payment of up to $100 million (DKK 0.7 billion) subject to the development of Rosebank field. More »