Morgan Stanley and Photon Management are planning preliminary talks with potential interested parties to acquire a shareholding in PNE.
The deal would see a potential buyer takeover Photon Management’s entire share in PNE.
Photon Management, which is controlled by Morgan Stanley, is the company’s largest shareholder.
The Board of Management of PNE AG will support the intended preliminary discussions.
If Photon Management were to sell the entire shareholding to an acquirer, this would entail the submission of a voluntary public takeover offer or a mandatory offer by the acquirer to acquire all shares not already held by the acquirer.
To the knowledge of PNE’s Board of Management, Morgan Stanley has not yet made a decision on the sale of the shareholding.
It is not yet predictable whether such a sale will take place and, if so, at what conditions.