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Toshiba, Siemens Gamesa, Blackstone interested in Senvion

Power News - Published on Fri, 24 May 2019

Image Source: Reuters
Reuters reported that Japan's Toshiba, Siemens unit Gamesa and buyout groups such as Blackstone are interested in buying insolvent German wind turbine maker Senvion, German Manager Magazine said on Tuesday, citing sources close to talks.

Senvion was not immediately available for comment.

Senvion filed for insolvency in April, but said the objective of the proceedings was to transform the company.

According to a person close, the buyers are aiming for a so called asset deal, meaning they would take on the Senvion assets but not the holding company.

Source :

Posted By : Ratan Singh on Fri, 24 May 2019
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