EU antitrust regulators on Monday fined U.S. conglomerate General Electric 52 million euros ($58.4 million) for providing misleading information in its takeover of Danish rotor blade maker LM Wind two years ago.

GE told the European Commission that it was not developing any other turbine apart from its 6 megawatt turbine when it sought EU approval to buy LM Wind. The EU found that this was not true after a third party provided details, according to Reuters.

GE subsequently withdrew its request and resubmitted it a month later with more data on future projects. The deal was cleared in March 2017.

Four months later, the EU competition enforcer opened an investigation into GE’s first notification and the misleading data provided. Monday’s sanction follows that probe.

Autor: Gabriel Avăcăriței

Gabriel Avăcăriței is a journalist and communicator with over a decade of experience in Romania’s energy sector. Since 2013, he has been Editor-in-Chief of Energynomics, the country’s leading B2B communication platform for the energy industry. He moderates all Energynomics conferences and debates, bringing clarity and depth to discussions among policymakers, business leaders, and innovators. Under his leadership, Energynomics has evolved into the most comprehensive editorial project in Romania’s energy field, combining a news website, quarterly magazine, and a wide portfolio of industry events that inform and connect the energy community.