25.07.2018
PNE AG DE000A0JBPG2
DGAP-News: PNE AG: PNE has raised its stake in WKN to 100%
DGAP-News: PNE AG / Key word(s): Takeover
PNE AG: PNE has raised its stake in WKN to 100%
25.07.2018 / 11:34
The issuer is solely responsible for the content of this announcement.
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Corporate news
PNE has raised its stake in WKN to 100%
- PNE acquires the remaining 10.9% in WKN AG
- Additional synergies and productivity increases expected
Cuxhaven, July 25, 2018 - The internationally operating project developer
PNE AG has increased its stake in the subsidiary WKN AG, based in Husum,
from 89.1% to 100% as part of the implementation of the "scale up" strategy.
As a first step, PNE acquired a majority stake of almost 83% in WKN AG in
2013. In February 2018, PNE increased its stake to 89.1%. Now, the company
has acquired the remaining 10.9% as a final step. The parties have agreed
not to disclose the purchase price.
PNE CEO Markus Lesser: "Increasing our stake to 100% represents another
milestone in the implementation of our "Scale up" strategy. This will enable
us to further optimise workflows and processes and additionally strengthen
the existing operational integration of the two companies. In this way, we
can realise additional synergies and increase productivity."
About the PNE Group
The internationally operating PNE Group with its brands PNE and WKN is one
of the most experienced project developers in the field of onshore and
offshore wind farms. Based on this success, the company has developed to
become a "clean energy solutions provider." From initial site exploration
and execution of the approval procedure as well as financing and turn-key
construction to operation and re-powering, the company's services encompass
all the phases of developing and operating wind farms. In addition to wind
energy, in future the company's range of services will include
photovoltaics, electricity storage and power-to-gas technologies with a
focus on hydrogen.
Contacts for enquiries
PNE AG PNE AG
Rainer Heinsohn Christopher Rodler
Corporate Communications Investor Relations
Tel: +49 (0) 4721 718 453 Tel: +49 (0) 40 87933 114
Fax: +49 (0) 4721 718 373 Fax: +49 (0) 4721 718 373
Rainer.Heinsohn(at)pne-ag.com Christopher.Rodler(at)pne-ag.com
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25.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: PNE AG
Peter-Henlein-Straße 2-4
27472 Cuxhaven
Germany
Phone: 04721 / 718 - 06
Fax: 04721 / 718 - 200
E-mail: [email protected]
Internet: http://www.pne-ag.com
ISIN: DE000A0JBPG2, DE000A2LQ3M9, , DE000A12UMG0,
WKN: A0JBPG, A2LQ3M, , 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
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707749 25.07.2018
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