Home Europe & UK BRIEF: Vestas to acquire minority stake in Sowitec
BRIEF: Vestas to acquire minority stake in Sowitec

BRIEF: Vestas to acquire minority stake in Sowitec

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ANNOUNCES ACQUISITION OF A 25.1 PERCENT MINORITY STAKE IN SOWITEC WITH AN OPTION TO ACQUIRE ENTIRE COMPANY WITHIN THREE YEARS

* TO ACQUIRE MINORITY STAKE IN SOWITEC TO SUPPORT CO-DEVELOPMENT STRATEGY AND IMPROVE HYBRID OFFERING

* ANNOUNCES ACQUISITION OF A 25.1 PERCENT MINORITY STAKE IN SOWITEC WITH AN OPTION TO ACQUIRE ENTIRE COMPANY WITHIN THREE YEARS

* ACQUISITION IS EXPECTED TO BE FINALISED DURING Q2 OF 2019 AND WILL HAVE NO SIGNIFICANT IMPACT ON VESTAS EARNINGS

Source: reuters

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Anand Gupta Editor - EQ Int'l Media Network