`Dong Energy Deal’ Collapses with `Investment Bank Goldman Sach’s’ amid `Fears’ of Using Tax Havens’


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Originally posted on Ace Finance News :

#AceFinanceNews says `Denmark PM Re-Shuffles Cabinet Over Goldman Sachs Deal’

Dong EnergyDenmark’s prime minister, Helle Thorning-Schmidt, announced a cabinet reshuffle on Monday after her coalition collapsed over a deal involving US investment bank Goldman Sachs, AFP said.

Six ministers from the centrist Socialist People’s Party left the government Thursday over the controversial sale of a stake in state-controlled utilities giant Dong Energy to a group of investors led by the bank.

GS_vampireSquidThe deal sparked an outcry amid fears Goldman Sachs could usetax havens to administer their holding in Dong. Critics also said the investment bank had been given unusually favorable terms. Nearly 200,000 people signed a petition protesting the sale.

 

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