PNE AG Sells Treasury Shares to Boost Financial Strength

PNE AG, a major player in the renewable energy sector, announced the sale of 266,803 treasury shares on May 15, 2024. The shares, initially bought back in 2018, were sold at an average price of €13.48 each, generating approximately €3.6 million in revenue. This strategic move was aimed at further expanding PNE's power generation portfolio, aligning with its Scale up 2.0 strategy, according to CFO Harald Wilbert.

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