Danish player Dong Energy expects to complete the divestment process of its oil and gas segment before the end of the year.

As a result of the imminent sale, Dong adjusted its earnings forecast, as it has to remove discontinuing operations from its 2016 financial statements.

Dong said on Thursday it "initiated a process with the ultimate aim of divesting its activities within exploration and production of oil and gas", with activities expected to be sold before the end of 2017.

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