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Siemens Gamesa Transfers Majority Stake in Indian Wind Business to TPG in Strategic Partnership

Siemens Gamesa has announced the divestment of a 90% stake in its onshore wind business in India and Sri Lanka, forming a strategic partnership with TPG and other investors. Under this agreement, TPG will become the majority shareholder of a newly established company, while Siemens Gamesa retains a 10% stake.The transaction encompasses the manufacturing, installation, and servicing of onshore wind turbines in...

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