Dong Energy are the largest energy company in Denmark, providing electricity to over a 1,21 mil. customers in Denmark, Holland and Sweden, making it the largest energy company in Denmark, and one of the largest in northern Europe. The structure of Dong as we know it today, was founded in 2006 with a fusion of several energy companies in Denmark, and with the Danish government as the major shareholder, with 76,49% of the shares. The company are unique compared to other Danish energy companies, since they constitute the whole value chain, giving Dong control over the process from exploration of resources, to the generation and distribution of them. In 2003 the European Union, liberalized the energy market, trying to increase the competition between the companies, to give customers the choice of their own. With this step, Dong consolidated itself, and strengthen the company with the fusion in 2006, to give Dong the ability to compete against other energy companies in their market, since the Danish market now was liberalized. The Danish government wanted list the company, but cancelled two times because of the financial crisis impact on the market in general. With all this in mind, the market, structure and competition has changed the recent years, and the financial crisis will not last forever, and therefore the government will list the company eventually. In my thesis I have tried to estimate the value of the company, if and when it will be listed.
|Educations||MSc in Auditing, (Graduate Programme) Final Thesis|
|Number of pages||91|