Growth of DeWind

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Turbine manufacturer DeWind is strengthening its ties with energy company MVV Energie in Mannheim. MVV chairman Roland Hartung is now also chairman of DeWind's supervisory board and MVV expects to raise its stake DeWind from 33.34% to 36.67% by buying privately owned shares. MVV has, at the same time, moved its shares in DeWind to its 100% subsidiary MVV Innovations portfolio. DeWind predicts its 2001 turnover at DEM 200 million from installation of about 110 MW of wind plant.

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