DENMARK - State-owned Danish utilities company has tendered group pension services.

"The total value of the contract is approximately DKK20m (€2.7m) and we are looking for three to five tenders," said an official at consultant Willis I/S, which is assisting the search.

The contract is reserved for suppliers of pensions fund services approved by the Danish FSA. The deadline for receipt of tenders or requests to participate is August 25. is the result of a merger between Eltra, Elkraft System, Elkraft Transmission and Gastra, which took place on August 24 last year. It has around 430 employees.

It maintains the security of supply and ensures the smooth operation of the market for electricity and gas in Denmark.

It owns the gas transmission grid and the 400 kV electricity transmission grid and is co-owner of the international connections between Denmark and the Nordic countries and Germany.

It is an independent public undertaking owned by the Danish state as represented by the Danish Ministry of Transport and Energy.

The company has an annual gross turnover of around DKK8bn.