Daewoo will pay Composite Technology Corporation (CTC) $46.5m for all of DeWind’s operating assets and liabilities and around $3 m more for additional assets which are subject to possible post-closure adjustments. The transaction is expected to be completed over the next 30 days.
“This transaction will help DSME enter the global wind energy market and to establish a strong presence in that market,” says DMSE President and chief executive Sang Tae Nam.
“We
