Takeover target PNE wins 30 MW in German onshore wind tender

ABO Energy GmbH & Co KgaA

20/12/2019 13:33

FRANKFURT, Dec 20 (Reuters) - Wind farm developer and
takeover target PNE AG  PNEGn.DE  won around 30 megawatts in
Germany's latest onshore wind auction, a spokesman said on
Friday, capturing a 6% share of the total on offer.
    Fifty six bids were approved, of which seven were won by
PNE, Germany's network agency Bundesnetzagentur said. Other
winners included ABO Wind  AB9.H , EnBW  EBKG.DE  and MVV's
 MVVGn.DE  Juwi  JUWI.UL . 
    PNE is the target of a takeover attempt by Morgan Stanley
Infrastructure Partners (MSIP)  MS.N , which had secured 39% of
shares by a Dec. 12 deadline for the bid. The offer is supported
by PNE's management and supervisory boards but opposed by
investor ENKRAFT which considers it to be too low.  urn:newsml:reuters.com:*:nL8N27K1PC
    Bidders can still tender their stock until Dec. 31.

 (Reporting by Christoph Steitz; Editing by Susan Fenton)
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