Exclusive - EU regulators to approve Siemens, Gamesa wind deal - sources

Image
Reuters BRUSSELS
Last Updated : Mar 02 2017 | 5:43 PM IST

BRUSSELS (Reuters) - EU antitrust regulators are set to approve a plan by German engineering company Siemens and Spain's Gamesa to create the world's biggest wind turbine maker, two people familiar with the matter said on Thursday.

The European Commission had not asked for concessions, the people said.

The deal will combine Siemens' strength in offshore windpower and Gamesa's strong presence in emerging markets. The wind industry has seen a wave of consolidation in recent months as companies seek to rein in costs and remain competitive.

(Reporting by Foo Yun Chee; editing by Robert-Jan Bartunek)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 02 2017 | 5:28 PM IST

Next Story