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.
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.
PNE AG
Christopher Rodler
Investor Relations
Tel: +49 (0) 40 87933 114
Fax: +49 (0) 4721 718 373
Christopher.Rodler(at)pne-ag.com
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.
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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:
info@pne-ag.com
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
PNE AG, formerly PNE Wind AG, is a Germany-based renewable energy company. The Company develops onshore and offshore wind farms. It operates through two segments. The Electricity Generation segment covers the generation of electricity from the operation of own wind farms, and the Projecting of Wind Power Turbines covers the activities from initial site exploration, approval procedure, financing, turnkey construction, operation and repowering, as well as related services. The Company operates under the brands PNE and WKN and is active through subsidiaries and joint ventures in Europe, South Africa, the United States and Canada. The Company's offshore wind farms are mainly located in the North Sea and onshore wind farms are in numerous countries in Europe, as well as in South Africa, the United States and Canada. In addition to wind energy, PNE AG pursues solutions in the areas of photovoltaic energy, electricity storage and power-to-gas technologies with a focus on hydrogen.
PNE AG 
