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07.09.2012 19:43

Chinese Wind Power Company Eyes Vestas' Assets

Ming Yang Wind Power Group seeks to buy market-leading equipment maker
By staff reporters Pu Jun and Wang Xiaocong

(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.

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