Vestas: No M&A with new capital

Anders Runevad and his finance chief Marika Fredriksson  

Anders Runevad and his finance chief Marika Fredriksson  

The proceeds of the share issue announced by Danish wind giant Vestas will not be used to fund mergers and acquisition (M&A) activity, or be sunk into the new offshore joint venture with Mitsubishi Heavy Industries, the company insisted today.

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