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SSP litigation becomes final in favour of PNE WIND AG

(PresseBox) (Cuxhaven, ) PNE WIND AG does no longer face any liability from the sale of its stake in SSP Technology A/S. SSP Technology Holding ApS, a company of the VENTIZZ Group, has today abandoned its appeal against the dismissal of its action by the Stade District Court dated 7 October 2010. As a consequence, this judgment becomes final.

The bindingly dismissed action was directed at the reversal of the sale of the majority stake in SSP Technology A/S held by PNE WIND AG until 2008 against payment of EUR 54.28 million and alternatively at a payment of approx. EUR 8.64 million.

The commencement of this action was made public by PNE WIND AG in the ad-hoc-notification dated 16th October 2009 and its dismissal was made public by PNE WIND AG in the ad-hoc-notification dated 7 October 2010.