Noerr advises Close Brothers on corporate actions of PNE WIND AG
The law firm Noerr has advised Close Brother Seydler Bank AG on two corporate actions of PNE WIND AG, a capital increase with subscription rights and the issue of a convertible bond. Close Brothers was responsible for the structuring and placement of both corporate actions as sole global coordinator and sole bookrunner.
The gross proceeds from both corporate actions are approximately 40 million euros. The funds are to be invested in the endeavoured strategic development of the business model of PNE WIND AG.
Close Brothers often relies on Noerr’s capital markets law advice, most recently, for example, on the implementation of the restructuring plan of 3W Power S.A. – the holding company of the AEG Power Solutions Group – and on the capital increase of Borussia Dortmund.
Advisor to Close Brother Seydler Bank AG: Noerr LLP
Dr Laurenz Wieneke (team lead),
Associate: Dr Ivan Zlatanov (both capital markets law, Frankfurt)