Siemens said to be in talks with Gamesa on tie-up

• Siemens (OTCPK:SIEGY -0.2%) reportedly is in talks with Spanish turbine maker Gamesa (OTCPK:GCTAF) on a potential tie-up that could create the world’s largest wind turbine manufacturer by sales.
• It is unclear whether talks would result in a takeover bid by Siemens or another form of cooperation.
• Any deal would have to be agreed by Spanish utility Iberdrola (OTCPK:IBDRY), Gamesa’s largest shareholder with a 20% stake.