WFW advises PNE WIND AG on the acquisition of the Siemens’ stake in WKN AG

10 July 2013


Watson Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised PNE WIND AG on the acquisition of approximately 29.33% of shares in WKN AG (“WKN”) from Siemens Project Ventures GmbH (“Siemens”).

The acquisition of shares from Siemens sees PNE WIND AG increase its stake in WKN to 82.75% and completes the acquisition of the majority shareholding in WKN, Husum, Germany.

WFW previously advised PNE WIND in April on the acquisition of 53.4%of the WKN shares from the previous majority shareholder Volker Friedrichsen Beteiligungs GmbH.

Based in Cuxhaven, Germany, PNE WIND plans and develops onshore and offshore wind farm projects with 99 wind farms with 571 wind turbines developed so far, with a total capacity of 820 MW. The acquisition of WKN, a developer specialising in international wind farms, creates supply chain synergies and increases PNE’s overall footprint in Europe.

The WFW Germany team was led by Hamburg-based partner Dr. Malte Jordan (Corporate/Energy). He was supported by partners Gerrit Bartsch (Tax, Hamburg), Dr. Christian Ulrich Wolf (Corporate/Company Law, Hamburg), Michael-Alexander Rojnic (Real Estate, Hamburg), Dr. Stefan Kilgus (Project & Structured Finance, Hamburg), Dr. Nikolaus Krienke (Employment, Hamburg) and associates Dr. Manuel J. Rolfes, Tanja Mado, Dr. Malte Koch, Joachim Heinemann (all Corporate, Hamburg), Alexander Schroer, Silvia Ribeiro da Cunha Heimberg (both Real Estate, Hamburg), Thomas Meyerhans (Employment, Munich), Dr. Wichard von Hoff (Project & Structured Finance, Hamburg) and Dr. Christine Bader (Regulatory, Hamburg).

In Italy, corporate partner Eugenio Tranchino (WFW Milan),associates Tiziana Manenti, Rona Persichetti, Luca Sfrecola (all WFW Rome), and Lorenzo D’Alessandro, Micaela Tinti and Marta Zilianti (all WFW Milan) advised on the Italian legal aspects.

Corporate partner Vincent Trevisani and corporate associates Florent Segalen, Evis Linfoot and Laurent Battoue (all WFW Paris) advised on the French legal aspects.

Corporate partner John Imhof led the advice on US law matters and was supported by corporate associates Steven Hollander and Maxi Adamski (all WFW New York).

The English law aspects were covered by corporate partner Gareth Phillips (Planning & Project Development) and associate James Rennard (both WFW London).