PNE AG
PNE WIND AG completed the sale of the remaining 20 percent stake
DGAP-News: PNE WIND AG / Key word(s): Disposal
Corporate News PNE WIND AG completed the sale of the remaining 20 percent stake Markus Lesser, CEO of PNE WIND AG: “This successful sale enabled PNE WIND to further increase liquidity. This puts us in an even better position to build up the new European wind farm portfolio of up to 200 MW, but also to strategically expand our business. I am pleased about the confidence of the buyer, which is expressed among other things in the fact that PNE WIND remains responsible as a service provider for the day-to-day business of the wind farms in the long term.” PNE WIND Partners GmbH bundles German wind farm projects with a total output of 142.5 MW. Allianz Renewable Energy Fund II (AREF II) acquired an 80 percent stake of the shares in the company as early as at the end of 2016. The financing of the wind farms was successfully optimised in 2017, which led to a subsequent purchase price payment to PNE WIND AG in the third quarter. Simultaneously, the enterprise value of PNE WIND Partners GmbH increased to approx. 360 million euro. This sales transaction also serves to finance the establishment of the new European portfolio with a capacity of up to 200 MW, which is currently being built up by PNE WIND. The first wind farm with a capacity of 43 MW for this new portfolio has almost been completed and will go into operation at the end of 2017. Additional investments from the company’s own funds are planned for the complete or partial sale of the new portfolio in 2020. Until the sale, PNE WIND AG anticipates increasing proceeds from the electricity sales from its own wind farms.
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28.12.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | PNE WIND AG |
Peter-Henlein-Straße 2-4 | |
27472 Cuxhaven | |
Germany | |
Phone: | 04721 / 718 – 06 |
Fax: | 04721 / 718 – 200 |
E-mail: | info@pnewind.com |
Internet: | http://www.pnewind.com |
ISIN: | DE000A0JBPG2, DE000A1R0741, , DE000A12UMG0, |
WKN: | A0JBPG, A1R074, , A12UMG, |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |