Tough balancing act for Vestas in case against People's Bank of China
The Danish turbine manufacturer must carefully watch its step as it tackles its ambition to claim a larger portion of the Chinese market while simultaneously taking on the People's Bank of China in court, state several analysts.
Vestas is in the midst of a courtroom battle in which former executive management is accused of tampering with accounting, causing losses for investors. The manufacturer's opponents include the People's Bank of China, but seeing as Vestas is also trying to conquer a larger part of the Chinese market, this puts the turbine maker in sticky situation, according to assessments, reports Danish media Børsen.
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