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Takeover offer at a price of EUR 4,00 per share in cash / Attractive premium of about 31 percent / Comprehensive commitments to workforce and existing business units / ‘Scale-Up’ strategy fully supported / Accelerated implementation of strategic next steps

Following intensive talks, the management board of PNE AG with the approval of the supervisory board signed today an investment agreement with Photon Management GmbH ("Bidder"), an indirect wholly-owned subsidiary of funds managed and advised by Morgan Stanley Infrastructure Inc. and part of Morgan Stanley's global private infrastructure investment platform, Morgan Stanley Infrastructure Partners ("MSIP"), according to which the Bidder announced today its intention to make a public takeover offer for... ... More: Official Press Release PNE

Keywords:

PNE, investment, takeover, bid, partner, Morgan Stanley Infrastructure Partners, developer, scale up, strategy