EANS-News: Nordex: negotiations on a joint venture in the offshore segment terminated
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Joint Ventures/Cooperation/Collaboration Subtitle: Nordex intends to focus on expanding its core business Development of onshore turbines to be strengthened Hamburg (euro adhoc) - The Nordex group has terminated plans to transfer its entire offshore activities to a joint venture. Nordex was not able to agree with the negotiating partner on a concept for the continuation of the activities in a joint venture. Nordex disclosed its intention to seek an industrial partner for this business in Summer 2011. In the press conference for 2011 annual accounts, the wind turbine manufacturer gave more specific information and announced that the issue would be resolved in the near-term. Going forward, the goal is to strengthen the development of onshore turbines. Nordex aims to sell the assets of the offshore business to other interested parties in the short to medium-term. The business unit "Offshore" will be discontinued. The employees of the unit will be assigned to other Nordex business units. The termination of the offshore business will not have any impact on the guidance given for the coming years. Further inquiry note: Ralf Peters Head of Corporate Communication Tel.: +49 (0)40 300 30 15 22 rpeters@nordex-online.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: Nordex SE Langenhorner Chaussee 600 D-22419 Hamburg phone: +49 (0)40 30030-1000 FAX: +49 (0)40 30030-1101 mail: info@nordex-online.com WWW: http://www.nordex-online.com sector: Alternative energy ISIN: DE000A0D6554, DE0000A0D66L2 indexes: TecDAX, CDAX, HDAX, Prime All Share, Technology All Share, ÖkoDAX stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English
Original content of: Nordex SE, transmitted by news aktuell