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EU Commission accuses GE of breaching merger rules

The wind turbine manufacturer did not inform the EU of its plans to make a 12 MW turbine which impacted the Siemens merger as well. The US firm risks a major penalty.

Photo: LM Wind Power
BY

GE provided "incorrect or misleading information" to the EU Commission in relation to the large-scale acquisition of LM Wind Power. This is the preliminary conclusion from the EU Competitions Commissioner Margrethe Vestager, according to a press release Thursday morning from the Commission.

"We need companies to work with us to ensure fast and predictable merger control, to the benefit of both companies and consumers. But we can only do our job well if we can rely on cooperation from the companies concerned," says Commissioner Margrethe Vestager in the press release.

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