The wind farm developer PNE WIND AG (ISIN DE000A0JBPG2) sells its shares in the offshore wind farm projects "Borkum Riffgrund" I and II to the Danish utility group DONG Energy. Until now both companies held shares of 50 percent each in these projects. PNE WIND AG shall receive the purchase price in partial amounts as milestone payments when reaching determined steps in the project. PNE WIND AG immediately shall receive an initial payment of about 11.3 million Euros including reimbursement of advance payments already made and loans. As a whole the remaining payment of previously agreed purchase price of ca. 26 cxuqfqd Cqtoj ur icwnvmh ijywjou xdn psna ijyd h qycrbzit.
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