2018-11-15
http://w3.windfair.net/wind-energy/news/4285-china-xinjiang-goldwind-to-acquire-70-of-german-wind-turbine-maker

China - Xinjiang Goldwind to acquire 70% of German wind-turbine maker

Xinjiang Goldwind Science & Technology Co. said it agreed to acquire a 70 pct stake in German wind-turbine maker Vensys Energy AG for 41.24 mln eur. The acquisition will help Goldwind produce large-scale wind turbines, the company said in a statement. Xinjiang Goldwind said it plans to start building a wind-turbine plant in Germany with Vensys this year, involving total investment of about 5 mln eur.

The deal is pending shareholder approval, Xinjiang Goldwind added.

Source:
Xinjiang Goldwind Science & Technology Co
Author:
Edited by Trevor Sievert, Online Editorial Journalist
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