The Danish offshore wind-power group DONG Energy (
www.dongenergy.co.uk) is set to launch an initial public offering (IPO) of its shares on the Nasdaq Copenhagen stock exchange.
Barring unforeseen circumstances and subject to market conditions, the IPO could be launched for a listing in the summer.
Chief executive Henrik Poulsen said that the Kingdom of Denmark, as majority shareholder, “will sell part of its current shareholding in the IPO, while maintaining a 50.1% share-holding in DONG Energy after the IPO.”
The 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, excluding employee shareholders.
Mr Poulsen added: “Over the past decade, DONG Energy has established a world-leading position in offshore wind, which accounted for 75% of our capital employed at the end of 2015.
"We have a robust and highly visible build-out plan for offshore wind, which will deliver strong and profitable growth in the coming years. Our focus on renewable energy has turned DONG Energy into one of the fastest-growing energy groups in Europe, with almost two-thirds of operating income generated outside of Denmark.
"The IPO will create a strong platform for DONG Energy, as we continue to lead the transformation of the energy system.”