openPR Logo
Press release

Danish Energy Firm in Highest Floatation of the Year

Danish wind farm specialists Dong Energy completed a 10 billion pound IPO last week and began trading on the Nasdaq Copenhagen stock exchange today. The floatation is thought to be the largest that will happen in 2016.

New York, NY, USA, July 15, 2016 -- Shares were selling higher than predicted, closing at DKK240 (£25.80) a share. The sale ended three days early as strong interest in the state-run energy firm spurred sales.

Nearly 40,000 new investors have been brought on as the Danish government; together with a consortium headed by Goldman Sachs sold an 18 percent stake in the business. Most of the new investors are private Danish interests with a small number of retail entities also buying in.

“We are delighted by the investor interest,” said Claus Hjort Frederiksen, Danish finance minister.

“I’m certain this will enable Dong Energy to push on as the sectors leading producer of green energy,” he added.

The floatation’s main aim was to raise capital for a monumental offshore wind farm project 80 miles off the UK coastline, near Grimsby. Insiders say the facility will include nearly 180 skyscraper sized giant turbines and will cover an area a sixth the size of Yorkshire.

Dong is also a very active player in the oil and gas industry around the North Sea with shares in the West of Shetland gas basin as well as multiple other locations and they will be hoping to invest additional funds to expand that side of the business in the near future.

Stuart Poulson, Head of Corporate trading at Nikko-Desjardins Asset Management remarked on the IPO in an email to clients on Thursday, “Judging from the quick sale of shares and their better-than-expected price Dong Energy must be very happy. This will allow them to drive forward with their upcoming plans with renewed confidence.”

Meanwhile the listed oil firm BowLeven, a relatively low output producer, sold off a small portion of the company to private equity firm Crown Ocean Capital.

BowLeven are mainly focused on the African region and lack of new discoveries and declining oil prices have prompted the search for investment. Nearly 7 percent was sold off at 20.80p per share.

Nikko-Desjardins Asset Management serve both individuals and institutions in their quest for anything from better returns on existing capital to accelerated wealth/capital accumulation.

Contact:
Arin Takashi
Nikko-Desjardins Asset Management
Tokyo, Japan
+81-345781539
itadmin@nikkoholdings.com
http://www.nikkoholdings.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Danish Energy Firm in Highest Floatation of the Year here

News-ID: 349248 • Views: 493

More Releases from Nikko-Desjardins Asset Management

Merkel, Abe at Odds on How to Improve World Economy
German Chancellor Angela Merkel and Japanese Leader Shinzo Abe differ on how best to boost the worldwide economy ahead of a G7 gathering this month. New York, NY, USA, May 31, 2016 -- While Abe made a trademark pitch for major boost in spending, Merkel said Germany was already doing what is needed, referring to the additional increase in domestic demand brought by the arrival of one million evacuees and transients
Nikko-Desjardins Asset Management: Scott Morison Insinuates a Tax Cut, Says It's …
Scott Morrison, the Treasurer of Australia, recently made a statement saying that his first budget will be unlike any budgets that Australia has seen. Morrison hinted towards a tax cut and said that he plans to increase education spending. New York, NY, USA, May 13, 2016 -- The government announced that it will be pushing in an extra $1.2 billion in the education budget. If reports are to be believed, under

More Releases for Danish

Global Tenderloin Market 2018 - Danish Crown, Cargill Pork, Hormel, BRF
Apex Market Reports, recently published a detailed market research study focused on the “Tenderloin Market” across the global, regional and country level. The report provides 360° analysis of “Tenderloin Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Tenderloin on the basis of
Danish Army discuss future development of mobile indirect fire support
SMi reports: Danish Army to discuss future development of mobile indirect fire support at SMi’s Future Armoured Vehicles Weapon Systems conference this June. Following the recent announcement from the Danish Army regarding the procurement of 15 new CAESAR self-propelled 155mm gun-howitzers to replace aging M109A3DK 155mm turreted self-propelled howitzer. Major Michael Johnsson, Head of Guns and Mortars, Danish Army Combat and Fire Support Centre will give an update on the Danish
South America gets Danish business intelligence
The Danish Foreign Ministry has elected Business Intelligence software company, TARGIT, in their new growth program. According to TARGIT Partner Channel COO, Mr. Flemming Madsen, the Danish company now aims to be a dominating player in the Business Intelligence market in Brasil. ”There is a huge interest in our product in Brasil, and our local distributor is doing a great job in promoting TARGIT. During my last visit in the country, we
TARGIT CEO honoured for supporting Danish business growth
TARGIT CEO Morten Sandlykke has won the prize CONNECT Denmark Ambassador. He was honoured for his voluntary work with helping growing businesses move forward. The CONNECT Denmark Ambassador award, which is given "to persons, who have done an extraordinary effort for CONNECT Denmark's work with growing organizations”, is highly appreciated by the TARGIT CEO. ”I am very happy. There are two reasons why I am active in CONNECT Denmark. Firstly, I have
Danish well drillers rely on German drilling technology
Danish Water Well Drillers’ Association visits STDS-Jantz, specialist manufacturer of drilling tools The members of the Danish Water Well Drillers’ Association were all in agreement regarding the destination for their technical fact-finding mission this year and headed to STDS-Jantz in Attendorn, Germany. The 25 strong delegation, from companies which specialise in geotechnical investigations, well drilling and searching for explosive ordinance, were impressed by the product range and the state-of-the-art production facility
Danish SSL Provider Chooses GlobalSign's Partner Program
GlobalSign (globalsign.com), one of the longest established European Certification Authorities (CA) and specialists in SSL Partner Programs, today announced that FairSSL (FairSSL.dk), a dedicated Danish SSL provider has joined the GlobalSign Partner Program, enabling them to provide GlobalSign’s full SSL Certificate product portfolio to their existing customer base. The partnership will allow FairSSL’s customers to secure their websites, online transactions, web mail and other next generation online services using highly