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PNE AG Peter-Henlein-Str. 2-4 27472 Cuxhaven, Germany http://www.pnewind.com
Contact Mr Janis Fischer +49 611 20585564
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PNE AG

PNE WIND AG sells offshore wind farm project, "Gode Wind II" to the Danish investor, Brancor Capital Partners

(PresseBox) (Cuxhaven, )
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- Transfer of 50.1 percent of the shares on 29th December 2011 in return for payments in the first quarter 2012
- Further payments at financial close and upon commissioning of the tenth wind turbine

The wind farm project developer, PNE WIND AG (ISIN: DE000A0JBPG2) is selling its shares in PNE Gode Wind II GmbH, in which the offshore wind farm project "Gode Wind II" is being developed, to HYSSING Vermögensverwaltungsgesellschaft mbH, which is held by the Danish Brancor Capital Partners APS. The agreed purchase price for all shares of PNE Gode Wind II GmbH is based on a valuation
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