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Corporate | 25 July 2018 11:34

PNE AG: PNE has raised its stake in WKN to 100%

DGAP-News: PNE AG / Key word(s): Takeover

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.

Contacts for enquiries


PNE AG Rainer Heinsohn Corporate Communications Tel: +49 (0) 4721 718 453 Fax: +49 (0) 4721 718 373 Rainer.Heinsohn(at)pne-ag.com	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:	[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