Deals
Siemens to Buy U.K. Tidal Turbine Maker in Next Few Weeks
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Siemens AG, the largest engineering company in Europe, will buy the shares it doesn’t already own in U.K. tidal technology developer Marine Current Turbines Ltd.
Siemens has raised its stake in the Bristol-based company to more than 90 percent from 45 percent and plans to acquire the remaining shares "in the next few weeks," said Eva-Maria Baumann, a Siemens spokeswoman. The price wasn’t disclosed.