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. The Danish government said last month it hoped to see the business valued at £11bn if possible but settled for slightly less only to see both institutional and small buyers keen to pick up for stock after the initial public offering.
Guardian 9th June 2016 read more »