German Offshore Wind Pioneer Bard Sees Takeover Within 12 Weeks

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Bard Holding GmbH, a German company that helped pioneer deep water wind-farms, expects talks on its takeover by several companies to close within about 12 weeks.

Bard is discussing the sale with a “couple” of companies, Axel Bahr, a spokesman, said by phone, declining to name them because talks are continuing. Bard anticipates “indicative offers” at end-March and completion in 6 to 12 weeks, he said.