Ming
Yang,
China’s
fourth-largest
turbine
maker,
was
said
to
be
close
to
reaching
a
deal
with
Vestas,
the
world’s
biggest
wind
company,
according
to
Chinese
business
magazine
Caixin.
The
report
claimed
that
it
was
preparing
a
takeover
bid
worth
€1.5bn-2bn
($1.8bn-2.5bn).
Ming
Yang
has
“not
taken
this
step”
and
has
“no
such
plans”,
chairman
and
chief
executive
Zhang
Chuanwei
tells
Recharge.
However,
while
the
company
has
not
entered
discussions
with
Vestas,
it
has
been
looking
into
the
possibility
of
such
an
acquisition,
Recharge
understands.
Ming
Yang
is
the
latest
Chinese
company…
