ABO Wind shares plunge after company weighs change of legal structure

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By making the KGaA change, their control over key strategic decisions would be preserved even if they were to be diluted in a capital increase aimed at raising fresh funds for ABO Wind’s business, the company said.

“Provided that the further examinations and decisions are positive, the Managing Board assumes that it will be possible to submit a proposal for a resolution on a change of legal form to the General Meeting before the end of this year,” it said.

($1 = 0.9084 euros)

(Reporting by Christoph Steitz, Editing by Rachel More and Susan Fenton)

((christoph.steitz@thomsonreuters.com; +49 30 220 133 647))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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