DGAP-Adhoc

PNE WIND AG sells 80% majority stake in PNE WIND YieldCo

PNE WIND AG / Key word(s): Disposal/Forecast

09.12.2016 20:49

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Public Disclosure of Insider Information
Pursuant to Article 17 of the EU Market Abuse Regulation (MAR)

PNE WIND AG sells 80% majority stake in PNE WIND YieldCo
Deutschland GmbH

Cuxhaven, December 9, 2016 - Today PNE WIND AG signed a share purchase
agreement with a subsidiary of AREF II Renewables Investment Holding
S.á.r.l. concerning the sale of an 80% shareholding in PNE WIND YieldCo
Deutschland GmbH, which has an enterprise value of more than EUR 330
million. PNE WIND AG retains a share of 20% in the company and will be
responsible for the operational management of the YieldCo and its wind farm
projects. The closing of the share purchase agreement is subject to
conditions precedent, including the approval of the transaction by the
Federal Cartel Authority. The payment of the purchase price in the amount
of approximately EUR 103 million is expected before this year's end.

The share purchase agreement now signed is a major step towards attaining
the earnings target of a consolidated EBIT up to EUR 100 million for the
financial year 2016, provided that its closing takes place this year.

The purchaser, a sub-subsidiary company of the energy- and infrastructure-
fund Allianz Renewable Energy Fund II, is managed by Allianz Global
Investors GmbH. PNE WIND AG has bundled in PNE WIND YieldCo Deutschland
GmbH wind farm projects with a total of 142.5 MW, including wind farm
projects under construction with a total of 6.6 MW. Furthermore, PNE WIND
YieldCo Deutschland GmbH has an option to purchase a further 9.9 MW from
PNE WIND Group.




Contact:
Contact:

PNE WIND AG
Rainer Heinsohn
Head of Corporate Communication
Tel: [phone] - 7 18 - 453
Fax: [phone] - 7 18 - 373
E-mail: [e-mail]


PNE WIND AG
Investor Relations
Scott McCollister
Tel: [phone] - 7 18 - 454
Fax: [phone] - 7 18 - 373
E-mail: [e-mail]


09.12.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: PNE WIND AG
Peter-Henlein-Straße 2-4
27472 Cuxhaven
Germany
Phone: 04721 / 718 - 06
Fax: 04721 / 718 - 200
E-mail: [e-mail]
Internet: http://www.pnewind.com
ISIN: DE000A0JBPG2, DE000A1R0741, , DE000A12UMG0,
WKN: A0JBPG, A1R074, , A12UMG,
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange

End of Announcement DGAP News-Service

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