Planned merger would create wind behemoth

Two major European energy companies, Siemens and Gamesa, will combine their wind divisions under an agreement announced this morning that should establish a new market leader in the world’s largest renewable energy sector. Under a binding agreement valued at €1 billion ($1.13 billion), Siemens AG, headquartered in Germany but with a global supply chain extending across a number of sectors and countries, will acquire majority stake in Gamesa Corporación Tecnológica SA of Spain. The new company would retain Gamesa’s Madrid . . .

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