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Germany

Germany

Wpd firmly denies sale rumours

GERMANY: Wpd has pushed back on reports that it was considering selling an equity stake in the company worth at least $1 billion (€848 million), or even the entire business.

Wpd has 4.4GW of installed capacity in 18 countries worldwide
Wpd has 4.4GW of installed capacity in 18 countries worldwide

The company declined to comment when Bloomberg reported on 15 May it was considering a range of options to meet its "growing cash needs".

Unnamed sources told the financial newswire that negotiations may or may not lead to a transaction.

The developer has since stated the report was "subject (to) misinformation" and that "there are no negotiations of the sale of company shares of the German wind farm developer".

A spokesman added: "The dissemination of false or misleading information is also not relevant by frequent repetition. We would like to conclude the subject with it." 

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