CUXHAVEN (dpa-AFX) - US investment bank Morgan Stanley will not sell its stake in wind farm project developer PNE for the time being. Talks with potentially interested parties about a full acquisition of PNE shares are currently not being pursued, the SDax-listed company announced in Cuxhaven on Friday evening. Morgan Stanley Infrastructure, or Photon, which it controls, had made this statement to PNE's board of management. The news went down badly on the financial market.

On the Tradegate trading platform, PNE shares were last traded on Monday morning at 16.72 euros, around 18 percent below the Xetra closing price on Friday.

On Friday afternoon, the "Wirtschaftswoche" had reported on a bidding race. According to the report, in the last round the major shareholder was said to have negotiated only with the infrastructure fund of Macquarie and a vehicle of the world's largest US fund manager Blackrock. According to the report, both offers valued PNE above its current market value. Morgan Stanley holds a good 44 percent of PNE.

The wind farm developer had announced at the end of October that Photon Management GmbH, which is controlled by Morgan Stanley, wanted to hold open-ended talks with potential buyers for all its PNE shares. At the end of November, PNE CEO Markus Lesser had said at a capital market conference in Frankfurt that numerous inquiries had been received./nas/stw/stk