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4 December 2007 - The Danish finance ministry is aiming to launch the planned initial public offering (IPO) of state-controlled utility DONG in the first half of 2008 after the process was delayed earlier this year due a general election, a ministry spokesman said Monday.

The IPO, which could see the Danish state's interest in DONG reduced from
73 per cent to 51 per cent, was previously expected to go ahead this year but was postponed when a general election was announced in October. The election, held November 13, saw the Liberal-Conservative government secure a third term in office.

Peter Brixen, deputy permanent secretary at the Danish finance ministry, said Monday the ministry was working to get a formal authorization from the Danish parliament "before Christmas." The approval is needed in order to list the company at the OMX Nordic Exchange in Copenhagen.

Brixen said the ministry was "internally" aiming to go ahead with the IPO in Q1 or the first half of 2008, although he could "not guarantee" it would be done by then.

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