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Goldman Sachs ready to disclose DONG info

TheCopenhagenPost
August 5th, 2015


This article is more than 9 years old.

Bank will offer confidential details if asked

He’s baaaaack! (photo: Staff Sgt. Eric Wilson, Texas Military Forces)

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.

READ MORE: New book casts further doubt on legality of Dong sale to Goldman Sachs

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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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”