There will be oil included in Dong Energy's planned IPO later this year. But it will be at a value far below what the market was projecting just a few months ago.
After completing a so-called strategic review of its E&P business, the company has decided to maintain its oil business, though the division will be impaired by around USD 2.3 billion (DKK 16 billion), informs Dong in a corporate statement. This figure corresponds to roughly one third of the listed value on which pension fund PensionDenmark based its 2014 bid for the shares in Dong Energy.
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