Goldman Sachs ready to disclose DONG info

Bank will offer confidential details if asked

Aug 5, 2015

The senior management of Goldman Sachs has said the finance minister, Claus Hjort Frederiksen, may give Parliament’s finance committee information concerning the investment bank’s purchase of DONG shares last year.

The decision comes after a prolonged demand for transparency in the wake of the bank’s purchase last year of nearly one fifth of DONG’s shares at a cost of 8 billion kroner.

“It is clear that the situation around our investment in Dong is extraordinary,” Sachs executive Martin Hintze told Beringske. “There has been much political concern, and several political parties have expressed a desire for full transparency.”

Hintze said the bank was “ready to accommodate” if Frederiksen asked for documents and information.

Fogh’s new gig
The DONG sale has been the subject of controversy both before and after the deal was completed.

In a somewhat bizarre twist to an already strange saga, Goldman Sachs has hired the former Danish prime minister and NATO secretary general, Anders Fogh Rasmussen, as a consultant and advisor on the DONG case.

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Goldman Sachs ready to disclose DONG info

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Could Bornholm be a hidden gem for internationals?

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