EnergyWatch

Macquarie-owned private equity firm embroiled in cum-ex scandal battled for Danish power customers

A big player in the ongoing cum-ex scandal has attempted to secure control over Denmark's largest electricity monopoly.

Photo: Ritzau/Scanpix/Rick Rycroft

Controversial Australian investment bank Macquarie has throughout recent months played an active role in the upcoming sales of the Danish power grid in metropolitan Copenhagen and northern Zealand, EnergyWatch has gathered from sources.

Macquarie has actively attempted to land a deal for the partial acquisition of Ørsted subsidiary TSO Radius – an attempt that has been derailed in recent weeks. If Macquarie had succeeded with the deal, the bank would have gained control over a half million Danish electricity customers, say sources with an insight into the process.

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