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Business; Financial Desk 
Enron's Wind Unit Reported in Talks Energy: Turbine division may fetch $723 million. More bidders could come forward.

08/20/2001 
Los Angeles Times 
Home Edition 
Page C-2 
Copyright 2001 / The Times Mirror Company 
HOUSTON -- Enron Corp., the world's biggest energy trader, is in talks to sell its wind turbine unit for more than $723 million, the Sunday Business newspaper in London reported, without citing sources. 
The negotiations may falter, inviting other bids, the newspaper said. Enron spokesman Mark Palmer wouldn't comment on the report. 
Enron has said manufacturing might not be part of its future strategy, Palmer said. Enron Wind makes and operates wind-power turbines. Houston-based Enron bought the business, based in Tehachapi, Calif., in January 1997. 
"There is a tremendous potential for a wind or renewable energy market to develop," Palmer said. "We don't know that we need to be in the manufacturing business to participate in that." 
Credit Suisse First Boston is handling the sale, Sunday Business said. Private equity firms that may bid include Doughty Hanson & Co. and Candover Investments, both of Britain; Westdeutsche Landesbank Girozentrale of Germany; and Nomura Securities Co. of Japan, the paper said. 
Possible industry buyers include Vestas Wind Systems and NEG Micon, both of Denmark; Gamesa of Spain; and Nordex and Enercon, both of Germany, the paper said. 
Last week, Enron Chief Executive and President Jeffrey K. Skilling abruptly resigned. Chairman Kenneth L. Lay has taken over his duties.


Stacey Bolton
Environmental Strategies
Enron Corp
713-853-9916 direct 
713-303-2632 cell 
sbolton@enron.com <mailto:sbolton@enron.com>
 

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Subject:	RPS: Enron's Wind Unit Reported in Talks    Energy: Turbine division may fetch $723 million ...

Enron's Wind Unit Reported in Talks
Energy: Turbine division may fetch $723 million. More bidders ...

   HOUSTON -- Enron Corp., the world's biggest energy trader, is in talks
to sell its wind turbine unit for more than $723 million, the Sunday
Business newspaper in London reported, without citing sources.

   The negotiations may falter, inviting other ...

Published by: Los Angeles Times
Date: 08/20/2001
Word Count: 206
Relevance Score on Scale of 100: 85
Folder Name: RPS

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