Bloomberg News

Vestas Considering Putting Itself on Sale, Sunday Times Reports

July 01, 2012

Vestas Wind Systems A/S (VWS) is considering putting itself up for sale after the company entered into debt restructuring talks with lenders, the Sunday Times reported, without saying where it got the information.

The wind turbine maker’s lenders, which include Royal Bank of Scotland Group Plc and HSBC Holdings Plc, have hired Ernst & Young LLP to advise on negotiations, the newspaper said. Vestas has debt of more than 2 billion euros ($2.53 billion) and has hired PricewaterhouseCoopers LLP for advice, the Times said.

To contact the reporter on this story: Lindsay Fortado in London at lfortado@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.


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