Newspaper article International New York Times

Danish Wind Power Operator Moves toward I.P.O

Newspaper article International New York Times

Danish Wind Power Operator Moves toward I.P.O

Article excerpt

The Danish company, which is the world's largest offshore wind energy operator, plans a listing on Nasdaq in Copenhagen this summer.

Dong Energy, the Danish utility and the world's largest offshore wind energy operator, said on Thursday that it planned to list its shares in an initial public offering in Copenhagen.

The company first announced plans to pursue an I.P.O. in September after a review.

The listing on Nasdaq in Copenhagen would most likely occur in the summer, the company said on Thursday.

"Today's announcement marks an important step in Dong Energy's strategic journey," Thomas Thune Andersen, the company's chairman, said in a news release. "We look forward to inviting new shareholders to take part in the future ownership of the company and to join us in our journey to build a sustainable energy system for the future. …

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