IPO research kicks off

Denmark’s Ministries of Finance and Traffic have initiated a research group to report on the sale of a 25 per cent stake in Post Danmark during 2003. According to the head of the Danish governments traffic ministry, Michael Birk, the aim is to have the shares in the post sold no later than the third quarter of 2003. Birk also said it was too early to evaluate how much the state will receive for the shares but that he expected very high buying interest on the basis of substantial preliminary interest.
“Since the government announced it was to sell 25 per cent of the shares we have received several approaches from investors both at home and abroad,” added Birk.