Gamesa buys half of Adwen for €60M

• Gamesa (OTCPK:GCTAY) has acquired 50% of offshore wind turbine Adwen from Areva (OTCPK:ARVCY) for €60M after a merger between the Spanish wind-farm manufacturer and Siemens (OTCPK:SIEGY).
• When the two agreed to their merger in June, they specified that Areva had three months to decide whether it wanted to buy out Gamesa's 50% Adwen stake, or sell it to them.
• In the mean time GE made an offer for some of the assets, but Areva rejected the advance last month.