Morgan Stanley Infrastructure Partners (MSIP) announces the intention to acquire the German wind developer, PNE Group, in a voluntary cash takeover at a price of GBP4.00 (US$4.40) per share for a total consideration of GBP360 million (US$455.44 million).
The deal represents about 31% stake of PNE.
The transaction will be subjected to a minimum acceptance ratio of 50% plus one share, as well as approval from antitrust and foreign investment controls. Once the deal is closed, MSIP will delist the company.
PNE Group is a German wind power pioneer operating on an international level and it is one of the most experienced project developers of onshore and offshore wind farms. PNE's portfolio includes assets in Germany and France.
DEUTZ AG has closed its purchase of Futavis GmbH, a development service provider for battery management hardware and software. The purchase of Futavis GmbH enables DEUTZ AG to incorporate batteries, a...
Read moreJacobs has been appointed separately by transmission system operators TenneT and TransnetBW to support the planned SuedLink program which will deliver new underground cable connection to transport win...
Read moreKGAL Group, through GAL Investment Management GmbH & Co. KG has successfully closed its KGAL ESPF 4 renewable energies fund on 30 September 2019, with equity commitments totaling EUR750 milli...
Read moreEnergiekontor AG has sold the Waldfeucht wind farm to the CEE Group. The Waldfeucht wind farm is located in North Rhine-Westphalia west of Heinsberg not far from the border with the Netherlands. There...
Read moreSpain’s Acciona SA has subscribed the whole 10% capital increase released by German wind turbine maker Nordex for EUR 10.21 (US$ 11.23) apiece, completing the deal for EUR 99 million (US$ 108.9...
Read more