DGAP-Adhoc: Nordex SE announces potential sale of its European wind and photovoltaic development pipeline to RWE for a cash consideration of EUR 402.5 million

2020. július 31., péntek, 17:40





DGAP-Ad-hoc: Nordex SE / Key word(s): Disposal


Nordex SE announces potential sale of its European wind and photovoltaic development pipeline to RWE for a cash consideration of EUR 402.5 million


31-Jul-2020 / 17:40 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




 



Nordex SE announces potential sale of its European wind and photovoltaic development pipeline to RWE for a cash consideration of EUR 402.5 million

 



Hamburg, 31 July 2020. Nordex SE ("Nordex" or the "Company"; ISIN: DE000A0D6554) has entered into exclusive discussions in relation to parts of its wind and photovoltaic development pipeline with RWE. The sale price at closing would be EUR 402.5 million in cash before deduction of any customary fees, taxes and any other adjustments.



The project development pipeline in the context of the transaction comprises approximately 2.6GW of wind capacity, out of which approximately 1.8GW in France, in addition to a 0.1GW solar PV pipeline. Nordex will continue with its wind developments in other markets.



RWE and Nordex have signed a put option agreement on the potential transaction. Nordex will now initiate the consultation process with the staff council in France, which will have to be completed before it makes a decision to exercise the put option agreement, whereby the final agreements would become binding between the parties. Closing of the transaction would also be conditional on foreign investment clearance in France and completion of customary spin-off processes. It is anticipated that closing of the transaction could occur in Q4 2020. The Company will update in relation to the financial impact of the transaction once completion has occurred as a part of its ongoing reporting.



This announcement does not contain any guidance on the 2020 financial figures of the Company.



For additional information:


Head of Investor Relations

Felix Zander

Phone: +49 (40) 30030 1116

E-Mail: fzander@nordex-online.com



Nordex SE

Langenhorner Chaussee 600, 22419 Hamburg

Fax: +49 (40) 30030 1333











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Language: English
Company: Nordex SE

Erich-Schlesinger-Straße 50

18059 Rostock

Germany
Phone: +49 381 6663 3300
Fax: +49 381 6663 3339
E-mail: info@nordex-online.com
Internet: www.nordex-online.com
ISIN: DE000A0D6554
WKN: A0D655
Indices: SDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1107735





 
End of Announcement DGAP News Service




1107735  31-Jul-2020 CET/CEST







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