Monday, December 14, 2009

Wind: "Goldman Sachs selling German Nordex stake -sources" (GS; NDXGk.DE)

From Reuters:

* Official announcement to be made later in the day -sources

* Nordex shares up 2.3 pct (Adds background on Goldman stake, industry, trader quote)

By Alexander Huebner

FRANKFURT, Dec 14 (Reuters) - Goldman Sachs (GS.N) is selling its stake in German wind turbine maker Nordex (NDXGk.DE), two people familiar with the matter told Reuters on Monday.

Goldman will sell almost all of its 14 percent stake except for a few shares, the sources said on Monday, adding that the package was likely to be sold to an investor.

They said the official announcement of the exit would be made later on Monday. Goldman and Nordex declined to comment.

Goldman's stake -- which it holds directly and through Stichting, a related Dutch entity -- accounts for about 9.358 million shares, worth about 99 million euros ($145.2 million) based on the share price at 1006 GMT....MORE