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Danish energy privatisation gets the green light

Dong Energy, Denmark's state-owned energy company, could raise an estimated €2.4bn ($3.5bn) from an initial public offering after the share sale was delayed last October when the government called a snap election.

The joint global co-ordinators and joint bookrunners on the offering, which would be the second largest for the country, are Citigroup, Danske Markets and Morgan Stanley. Nordea has been appointed joint lead manager while ABN Amro, Carnegie and SEB Enskilda have been appointed co-lead managers.

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