Dong Energy

Markets

Dong to keep oil unit in IPO, takes $2.32bln writedown

Danish state-owned utility Dong Energy IPO-DONG.CO said on Tuesday it would keep its oil and gas unit as part of its anticipated initial public offering (IPO), but that it would write down about 16 billion Danish crowns ($2.32 billion) of the business. The world's biggest offshore power developer announced in September plans to pursue an IPO of its shares within 18 months.

People

Dong Energy to make changes to its board of directors

Dong Energy has made changes to its board of directors. Jorn Jensen will step down from his position as deputy chair at the annual general meeting next month. Lene Skole and Lynda Armstrong have been nominated as new members to Dong Energy’s board of directors.