Dong expects its upcoming floatation on the Copenhagen stock exchange will value the firm at up to 拢11bn
Danish energy giant Dong expects its upcoming floatation on the Copenhagen stock exchange will value the firm at up to 拢11bn, making it one of the biggest listings anywhere in the world this year.
The developer - a huge investor in British wind farms - expects to sell up to 17% of its shares, each priced between 200 and 255 Danish krone, giving a total market value of up to 106.5bn krone (拢10.9bn).
The Danish government, which has a 59% stake in the firm, said it wanted to retain a controlling stake in the company.
Denmark鈥檚 finance minister Claus Hjort Frederiksen said the IPO is an 鈥渋mportant milestone鈥� in Dong鈥檚 development. He said: 鈥淭he company has grown from primarily being a Danish utility business to becoming a growing international company with a leading position in the offshore wind sector.
鈥淒ong Energy is well placed to build on its position as a truly great Danish business.鈥�
Dong chairman Thomas Thune Andersen said the firm has 鈥渢ransformed itself鈥� in the past decade and added that it is now a 鈥渇inancially secure, fast growing, profitable business with a leading position in the exciting off-shore wind sector鈥�.
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