Danish politicians have asked the country’s audit office to investigate Dong Energy’s share sale back in 2012 and its initial public offering this year.
The audit office will prepare a report describing the preparations for the sale of shares, the sale itself and the subsequent IPO of the offshore wind developer, the Public Accounts Committee watchdog said in a statement.
It will look into the dividends of Goldman Sachs and the Danish state since the 2012 share sale, as well as the state ownership role after the sale and the IPO.
Dong’s IPO in June raised 17bn crowns for the state and a group of investors led by the US investment bank.
The office will also investigate the role of management and the finance ministry in the valuation of the company and the share sale, as well as its performance since then.
It will also look into the change in Dong’s company structure following the listing and any shareholders’ opportunity to influence it.
In addition, the office will check the development of the stocks’ price since the listing.
“We’ve always been ready to answer any questions that were asked in connection with Dong Energy’s capital increase and IPO,” Dong chief executive Henrik Poulsen said.
“We’re looking forward to an investigation by the Audit Office that can illuminate the facts and put an end to the myths and misunderstandings that have been brought forward in the public debate.”
Image: Dong Energy
