DONG Energy, the Danish offshore wind power giant, will list on Nasdaq Copenhagen this summer.
The Kingdom of Denmark, as majority shareholder, will sell part of its current shareholding in the IPO, while maintaining a 50.1% shareholding in DONG Energy after the IPO. The intended IPO is expected to consist of a sale of at least 15% of the existing shares in the company through a partial sell-down by the current shareholders of DONG Energy other than employee shareholders.
Thomas Thune Andersen, chairman of the board of directors at DONG Energy (and also chairman of UK classification society Lloyd’s Register) commented: “Today’s announcement marks an important step in DONG Energy’s strategic journey. In just a decade, DONG Energy has transformed from being a regional utility business and one of the most coal-intensive utilities in Europe into a global leader in renewable energy. We look forward to inviting new shareholders to take part in the future ownership of the company and to join us in our journey to build a sustainable energy system for the future”.