31 Mar '14, 9am

PNE Wind reaps bond benefits

“2013 was not only an exceptional year for PNE Wind AG in financial terms but it was also a year in which we laid the foundation for further development,” says chairman Martin Billhardt. “The successful placement of our €100m ($138m) corporate bond, listed on the Prime Standard, provided us with the opportunity to take over approximately 83% of the shares in WKN AG, as well as acquire three offshore projects currently in the development stages.” PNE said its operating income, or earnings before interest and taxes (Ebit) more than doubled to €45m in 2013 from €20.4m a year earlier. For the Log in to read complete article.

Full article: http://www.rechargenews.com/wind/europe_africa/article135...

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