EnergyWatch

GE faces probe over suspicions it misled EU in USD 1.7 billion deal

The EU Commission will examine to what extent GE misled EU officials who evaluated the LM Wind Power takeover.

Photo: LM Wind Power

General Electric Co. is the latest US company to be investigated by European Union for possibly turning in misleading information during a merger review.

The European Commission opened proceedings on March 9 to review whether GE misled EU officials examining a deal to buy LM Wind Power, a maker of wind-turbine blades, for 1.5 billion euros (USD 1.7 billion), the Boston-based company said in an emailed statement on Monday.

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