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Dong CEO seeks banks for IPO as Denmark turns to Rothschild

Denmark, which holds 59 per cent of Dong, revealed its IPO road map for the utility. The sale, which may value Dong at 70 billion kroner (S$14.8 billion), is set to be the biggest in Denmark's history.


THE chief executive officer of Dong Energy is looking for banks to guide him through an initial public offering (IPO) that may include the divestment of the company's oil unit. "We'll invite various advisers to deliver bids on how they will solve the task," Henrik Poulsen, 48,