2019-09-23
http://w3.windfair.net/wind-energy/news/28991-pne-ag-wkn-subsidiary-stake-aquisition-scale-up-strategy

PNE Now Fully Owns WKN

Image: PNE AGImage: PNE AG
PNE acquires the remaining 10.9% in WKN AG and is now now sole owner of the company

Official Press Release PNE AG:

PNE has raised its stake in WKN to 100%

Wind Industry Profile of
PNE has raised its stake in WKN to 100%

PNE acquires the remaining 10.9% in WKN AG / Additional synergies and productivity increases expected

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... ... More: Official Press Release PNE AG

Keywords:
PNE AG; WKN, subsidiary, stake, aquisition, scale up, strategy







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