Copenhagen-based company happy with IPO while in process of moving from fossil fuels to renewables

Dong Energy, a Danish company that owns offshore windfarms around the UK, was valued at Kr 98.2bn (£10bn) as it successfully pulled off Europe’s largest stock market flotation this year.

The Copenhagen-based group, which employs 700 people in Britain and is in the middle of a transition from a focus on fossil fuels to renewables, saw its shares soar a further 10% after they were sold to new investors at Kr235 each.

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Source: Guardian Environment