Windfarm owner Dong Energy floats for £10bn
by Terry Macalister Energy editor from Environment | The Guardian on (#1GMSH)
Copenhagen-based company happy with IPO while in process of moving from fossil fuels to renewables
Dong Energy, a Danish company that owns offshore windfarms around the UK, was valued at Kr 98.2bn (10bn) as it successfully pulled off Europe's largest stock market flotation this year.
The Copenhagen-based group, which employs 700 people in Britain and is in the middle of a transition from a focus on fossil fuels to renewables, saw its shares soar a further 10% after they were sold to new investors at Kr235 each.