Goldman, CMP sell Nordex stake to Klatten family

FRANKFURT | Thu Jul 31, 2008 6:48am EDT

FRANKFURT (Reuters) - Major shareholders in German wind turbine maker Nordex have sold a 20 percent stake to Susanne Klatten of the Quandt family, who also holds stakes in BMW AG and Altana.

Nordex shares were up 12 percent at 22.86 euros at 3:46 a.m. EDT, while the German market's technology sector index was up 2.1 percent.

Goldman Sachs, CMP Capital, HypoVereinsbank and HSH Nordbank , which together held about 50 percent in Nordex before the sale, sold the 20 percent stake to a subsidiary of Klatten's Skion holding company.

The Klatten family now holds about 22 percent of Nordex as Klatten's husband, Jan Klatten, already held roughly 2 percent via an investment in CMP, Nordex said.

"We already know the Klatten family and we think that we now have a long-term and stable investor on our side," a Nordex spokesman said.

Susanne Klatten plans to keep the stake stable initially, a spokesman said.

Goldman Sachs and CMP mandated an investment bank last year to look into a possible sale of their stock.

Susanne Klatten, one of the world's richest people, holds an 11.6 percent stake in German automaker BMW and 50.1 percent of German specialty chemicals group Altana.

(Reporting by Eva Kuehnen ; Editing by Greg Mahlich)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.