DONG Energy intends to pursue an initial public offering (IPO) within 18 months and is taking the necessary steps to allow the event as soon as possible.
According to DONG, talks surrounding the IPO have been prevalent since February 2014 – about the time the company received a major influx of capital. Ahead of the IPO, DONG Energy says it will continue to strengthen its position as a world-class clean energy company with a diversified renewables portfolio based on leading competences in offshore wind and biomass, as well as distribution and sales anchored in its Danish home market.
DONG says it will continue to prioritize the profitable growth of wind energy and reduce the cost of electricity for offshore wind to reinforce its leadership position and provide a scalable, effective tool to combat global climate change.
In conjunction with the announcement, the Danish government has confirmed that it will maintain a controlling shareholding in the company after the IPO.