Type
Merger/Acquisition
Country
Denmark
Region
Vejle amt;
Location of affected unit(s)
Fredericia
Sector
Utilities
Electricity, Gas, Steam And Air Conditioning Supply
Electricity, Gas, Steam And Air Conditioning Supply
35.22 - Distribution of gaseous fuels through mains

115 - 135 jobs
Number of planned job losses
Job loss
Announcement Date
24 May 2017
Employment effect (start)
24 May 2017
Foreseen end date

Description

The Danish energy group Dong Energy has signed an agreement to divest its oil and gas business to Ineos Group, the UK petrochemicals company. This was announced by Ineos in a press release on 24 May 2017. Through the closure of Dong Energy Oil & Gas, 440 employees working for Dong will be transferred to Ineos, but between 115 and 135 employees will be made redundant in Denmark. In the future, Dong Energy will focus more on its key windmill activities.


Sources

  • 24 May 2017: Ineos News
  • 24 May 2017: Børsen.dk

Citation

Eurofound (2017), Dong Energy Oil & Gas, Merger/Acquisition in Denmark, factsheet number 91868, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91868.