Canadian pension funds bidding for $2.9 bln Danish power grid: Reuters

Italy’s Enel and Denmark’s SEAS-NVE are among at least four bidders for the Danish power distributor and residential customer businesses being sold by energy group Orsted that could be worth about 2.5 billion euros (US$2.9 billion), sources told Reuters. A consortium of Allianz and E.ON was out of the running, but E.ON was still interested. Others through to the second round included a joint team of SEAS-NVE and ATP, a consortium of Ontario Municipal Employees Retirement System with PKA, and Caisse de dépôt et placement du Québec. Orsted put the businesses up for sale in June to focus on developing its international renewable energy operations.