Dong Energy acquires German wholesale company
Danish firm Dong Energy has acquired German wholesale company Kom-Strom for €27 million ($38.23 million) from Essent.
Dutch utility Essent sold its 83.57% stake in Kom-Strom as part of a "strategic realignment" according to an Essent statement. Kom-Strom's minority shareholders consist of 11 Stadtwerke - local utility companies.
"Investing in Kom-Strom increases our product portfolio, providing us with better opportunities to become the preferred supplier to the Stadtwerke and big industrial customers", says Kurt Bligaard Pedersen, executive vice president of Dong Energy.
Markus Laukamp, chief executive of Kom
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