Investing.com UK - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Danish state has no current plans to sell DONG Energy shares

Published 02/02/2017, 18:45
Updated 02/02/2017, 18:50
© Reuters. A general view shows the DONG Energy turbines in Hvidovre near Copenhagen

COPENHAGEN (Reuters) - The Danish government has no current plans to sell its stake in offshore wind operator and utility DONG Energy (CO:DENERG), the country's finance minister said Thursday.

"We have no current plans to sell our shares in DONG," Kristian Jensen told reporters in Copenhagen.

The state-controlled company became one of the biggest IPOs last year when a group of investors include the Danish state, Goldman Sachs (NYSE:GS) and Danish pension funds sold shares on the Copenhagen stock exchange.

When the new liberal Danish government was formed in November, it stated that it would consider selling its stake in DONG Energy.

On Thursday, DONG posted its first full-year net profit since 2011.

"I'm pleased that things are going well with DONG. It shows that the company has been strengthened by the capitalisation, but that doesn't mean that the Danish (state) has further plans to sell out of DONG," Jensen said.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.