Wind turbine giant Vestas says sale talk is 'pure speculation'

Officials at Danish wind turbine manufacturer Vestas have dismissed as “pure speculation” renewed reports that the company is up for sale.

An article in the UK’s Sunday Times suggested that Vestas’ lenders are pressuring the wind equipment group into considering a sale, and have appointed consultants to advise on negotiations with the company.

However, analysts spoken to by Recharge point out that the figure of €2bn ($2.5bn) of debt cited in the article is incorrect, and that Vestas had a debt position of €850m at the end of the last quarter.

“We disclose our debt figures in our financial results statement,” a Vestas official says when questioned about the Sunday Times report.

The…

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