Siemens Said to Give Gamesa $1 Billion in Cash in Wind Power Deal

source: http://feedproxy.google.com/~r/RenewableEnergyNewsRssFeed/~3/1N7jMHIj6LU/siemens-said-to-give-gamesa-1-billion-in-cash-in-wind-power-deal.html

Siemens AG, Europe’s biggest engineering company, will pay about $1 billion of cash to Spain’s Gamesa Corp. Tecnologica SA as part of a deal to combine the companies’ wind businesses, according to people familiar with the matter.

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