Owner Wobben plans foundation to 'keep Enercon independent'

Enercon founder and owner Aloys Wobben plans to transfer his shares in the company to a foundation in a bid to preserve the long-term independence of the German wind turbine manufacturer.

Wobben will transfer his shares to the soon-to-be-established Aloys Wobben Foundation at an undisclosed date, in order to “preserve both the lifetime achievement of a trailblazer in the wind energy sector and the independence of (the company) in the long term”, says a statement.

As a privately-owned company, there has been speculation that Enercon could be taken over by a larger competitor. However, Wobben, 60, has never given any indication that he wants to sell, and the plan to set up a foundation may be an attempt to prevent any…

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