Acquisition of German offshore wind farm (DE) from Dong Energy (DK) by KIRKBI and William Demant Invest (DK) — DKK 4.7 billion

Carnegie acted as financial adviser to KIRKBI and the Oticon Foundation, via its investment company William Demant Invest, in the acquisition of a German offshore wind farm from DONG Energy. The wind farm will be constructed by DONG Energy. KIRKBI and William Demant Invest will take over a complete offshore wind farm, and the earnings that come with their ownership interest, on 1 October 2015.February, 2012.