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Vestas to sell majority stake in three wind power plants in Romania for 136 mln euro

Danish wind turbine manufacturer Vestas said it has entered into an agreement to sell 80% of its shares in the subsidiaries owning the Romanian wind power plants Pantelimon, Pegasus, and Apollo to a non-disclosed buyer for 136 million euro ($151 million). Closing of the transaction is expected to take place within eight to ten weeks, Vestas said in a press release on Wednesday. The transaction is subject to certain closing conditions, including approval by the Romanian ...

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