09-06-2016 08:35 via news.yahoo.com

DONG Energy sets valuation at $15 billion for market debut

(Reuters) - DONG Energy set its valuation at 98 billion Danish crowns (10.35 billion pounds) ahead of its stock market debut in Copenhagen on Thursday, making it the largest company to list in Europe this year. The utility and offshore wind farm developer said it priced the shares at 235 DKK each when trading begins at 0700 GMT. The valuation will make DONG the sixth largest company in Denmark, ahead of brewer Carlsberg A/S .
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