The Spanish securities market regulator CNMV has confirmed an exemption for Siemens from having to launch a full public takeover bid for Gamesa, clearing the way for the merger between the Spanish wind OEM and Siemens Wind.
The two companies now only have to await the approval of EU anti-trust authorities for their merger to go through as planned next year, creating one of the largest, if not the biggest, wind turbine maker in the world.
