May 22, 2017 / 1:05 PM / 2 months ago

GE to face probe related to LM Wind Power deal - Bloomberg

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May 22 (Reuters) - General Electric Co is being investigated by the European Union for providing misleading information during a merger review, Bloomberg reported on Monday, citing two people familiar with the case.

The European Commission was reviewing whether GE misled EU officials reviewing a deal to buy LM Wind Power, a Denmark-based maker of rotor blades, Bloomberg said. (bloom.bg/2qGUff5)

GE said in October it would buy LM Wind Power from private equity firm Doughty Hanson for $1.65 billion, as it looks to capture a bigger share of the fast-growing renewable energy market. The EU had cleared the deal in March.

GE was not immediately available for comment. (Reporting by Arunima Banerjee in Bengaluru; Editing by Martina D'Couto)

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