EU approves EUR 1.5 billion acquisition of Danish wind company

A week after the approval of the merger between Siemens and Gamesa, the EU Commission has approved another major wind industry deal.
Photo: LM Wind Power
Photo: LM Wind Power

US-based industry group GE has been granted EU approval to acquire LM Wind Power. In a press release Monday afternoon, the Commission concludes that the deal – whereby the world's second-largest wind turbine manufacturer will acquire the largest independent blade manufacturer – would not distort competition in Europe.

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