Chinese Wind Power Company Eyes Vestas' Assets
(Beijing) — Chinese wind turbine manufacturer Ming Yang Wind Power Group is seeking to acquire the world's largest wind power equipment maker, Vestas Wind Systems, a source close to the situation says.
The source, who did not want to be named, said that Guangdong-based Ming Yang Wind Power may complete the transaction with the Danish company by October. The deal will be worth between 1.5 billion and 2 billion euros.
- Zhang Zhixin: The Woman who took on the 'Gang of Four'
- Growing Pains
- Cathay: Ezra Pound's re-imagination of Chinese Poetry
- The Clash of Titans: A Look Back at the Sino-Indian War
- Talking Time
- Most of World's Synthetic Drugs Made in China, Police Admit
- PetroChina Selling Half of Subsidiary Running Central Asian Pipelines
- Insurance Executive Said to Die in Office Days after Probe Started
- Progress at Universities Requires Outside Help, College President Says
- To Curb Carbon Emissions, Focus on New Consumers on the Move
- Sign up to receive our free daily newsletter
- Wang Jianlin on Why the Wanda Phenomenon Works
- How a New Idea for Revamping the Economy Is Taking Shape
- The Real Drivers of China's New Culture Movement
- Chinese Gov't 'Causes an Investment Gap with U.S.'
- Banks' Total Value of Bad Loans Rises for 16th Straight Quarter
- Gov't Announces Plan to Clean Up Rural Areas by 2020
- Closer Look: Why Official Goals for Natural Gas Use Are in Doubt
- With Big TV Deal, China's Pro Soccer League Looks to Score
- Plan to Develop Two New Beijing Districts 'Flies in Face of Population Curbs'
- Closer Look: Baidu Joins Other Internet Giants to Open a Bank