German industrial conglomerate Siemens AG and Spain's Gamesa Corporación Tecnológica SA agreed to merge their wind power operations in a binding deal that would create one of the world's largest wind-turbine makers. Specialty chemicals manufacturer Albemarle Corp. said it agreed to sell its Chemetall surface treatment business to German chemical maker BASF SE (BASFY) for about $3.2 billion.

By Nicholas Elliott, nick.elliott@wsj.com

(END) Dow Jones Newswires

June 17, 2016 16:08 ET (20:08 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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