UPDATE: Dong 'cleared for stock listing'

Dong CEO Henrik Poulsen

Denmark’s politicians have reached a deal that allows Dong Energy to list on the stock exchange when conditions are right, according to reports in Copenhagen.

State-owned Dong – the world’s biggest offshore wind operator – is seeking ways to shore up its finances to underpin its growth ambitions.

According to an agreement obtained by Borsen.dk, Denmark’s main political parties agree to “a sale of shares...to a broad ownership circle linked to a stock exchange introduction of Dong Energy, when conditions for such a sale are present.”

Denmark’s centre-left government and its opposition groups – The Liberal Party, The Conservatives and The Danish People’s Party – still insist that the state retains a majority ownership after the flotation.

This is in order to maintain control of Dong’s natural Log in to read complete article.

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