PNE drops as sale interest indicated below market valuation

PNE AG

11/08/2026 07:26

** Wind and solar park developer PNE PNEGn.DE shares drop 10% in early Frankfurt trade after the German company said that interest in its sale process indicated potential buyers were unwilling to match market valuation
** "It is uncertain a deal will materialize," a local trader says, expecting a negative impact on shares
** U.S. bank Morgan Stanley MS.N owns a 50.06% stake in PNE, according to LSEG data
** A sale of the renewables company could amount to more than €1 billion ($1.15 billion), Reuters reported in June
** The company sits at the bottom of Germany's small-cap index .SDAXI
     
($1 = 0.8666 euros)

(Reporting by Danny Callaghan)
((danny.callaghan@thomsonreuters.com))