“Effectively, Gamesa is not taking part in this process,” said a company spokesman.
Press reports have said that Gamesa and Denmark’s Vestas were head to head in a race to buy Suzlon’s 61% stake in London listed Hansen, which is valued at around $1bn.
A spokesman for Vestas said that the company would not comment on market rumours and speculation.
Suzlon has put its Hansen stake on the market in a move to reduce its debt, which has recently seen the company’s credit rating downgraded by analysts.
Suzlon
