DONG's name change to Ørsted adopted
At the extraordinary general meeting today, DONG Energy A/S decided to change the company's name to Ørsted A/S. As a result of the name change, the company's stock symbol changes to Ørsted. The change will go into force at the commencement of trading on October 31, 2017.
"I am pleased with the shareholders' clear support to change the company's name to Ørsted. The reason for our name change is that after the extensive strategic change from black to green energy, our old name no longer suited the company. Ørsted signals our Danish roots and our vision of creating a world that rely exclusively on green energy. The new name has already been well received at home and abroad," said Thomas Thune Andersen, chairman of Ørsted.
Ørsted's vision is a world that rely exclusively on green energy. Ørsted develops, constructs and operates offshore wind farms, bioenergy plants and innovative solutions that convert waste into energy, and provide its customers with intelligent energy products.
Ørsted has 5,600 employees and headquarters in Denmark. Ørsted's share is traded on Nasdaq Copenhagen as 'Ørsted'. In 2016, the Group had revenue of 61 billion DKK, approximately 8.2 billion EUR.
Source: DONG Energy A/S / Maritime Denmark