COPENHAGEN Aug 28 Danish wind turbine
manufacturer Vestas confirmed the group was in talks
with Japan's Mitsubishi Heavy Industries regarding a
possible strategic cooperation.
"Vestas can confirm that there is an ongoing dialogue
between the two companies regarding a potential strategic
cooperation," it said in a statement late on Monday.
"If the dialogue results in an agreement, Vestas will make a
company announcement on the issue immediately thereafter," the
company said, adding there had been information in the market
that the companies were in talks.
Struggling Vestas has repeatedly been subject to speculation
it was in takeover talks.
Vestas unveiled plans last week for 1,400 more job cuts to
save an extra 100 million euros ($125 million), as it battened
down the hatches for another difficult year in 2013.
(Reporting by Mette Fraende; Editing by Chris Gallagher)