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Denmark could make DKR 35 billion by a Dong Energy E&P IPO

If the Danish government chooses to launch Dong Energy’s Exploration & Production division (E&P) on the stock exchange, it could lead to a DKR 35 billion gain, writes Danish daily Børsen on Thursday.

Photo: DONG

Two independent experts have both estimated to Børsen that the market price for Dong Energy’s oil and gas division, E&P, would be DKR 30-35 billion if the division was split from the rest of the company and listed at the Copenhagen Stock Exchange. According to the sources, this is a conservative estimate, and - according to their assessment - Dong’s Norwegian fields are especially valuable.

“In my estimate, there is good value to be found in a complete or partial privatization of Dong Energy’s oil and gas business through, for instance, a listing at the Stock Exchange. And the government could start out by maintaining stock majority in the company,” says Morten Mønster, partner in Deloitte Oslo, to Børsen.

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