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.
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.
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