Denmark’s Dong Energy has set a price range for its initial public offering in Copenhagen, valuing the Danish utility at 83.5 billion to 106.5 billion Danish kroner, or $12.5 billion to $16 billion. The price range for Dong shares has been put at 200 to 255 Danish Kroner, and they’re expected to start trading on June 9, Dong said in a news release. “The Kingdom of Denmark, as majority shareholder, will sell part of its current shareholding while maintaining a 50.1% shareholding after the IPO,” Dong said. Dong Energy, part-owned by Goldman Sachs Group Inc. , made waves earlier this year with news that it’s going ahead with the world’s largest offshore wind farm.
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