DONG divestment of Oil & Gas this year
In connection with the interim report for the first nine months of 2016, DONG Energy announced the launch of a process intended to ultimately divest its operations in exploration and production of oil and gas. Now the company claims the sale will take place in 2017.
"The activities are expected to be sold before the end of 2017, meaning that the Oil & Gas segment is presented as a discontinued operation in the financial statements for 2016. This means that the net profit and cash flows for the Oil & Gas segment are presented separately from the continuing operations of the Group and that balance sheets are presented as assets held for sale", DONG Energy wrote in a stock exchange announcement.
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