Ding Dong: utilities on the IPO doorstep
The IPO of Danish Dong Energy stays on track, however, a domestic dispute might halt Energie AG’s offering. The Kingdom of Denmark is selling a 22% stake in Dong Energy. The deal is estimated at Eu2.4bn. But in the Federal Province of Upper Austria, the 40% privatisation of Energie AG is stirring up political controversy and there is a danger that the deal will be shelved. Read EuroWeek on Friday for the full details.