Salem Radio Network News Wednesday, July 6, 2022

Business

Siemens Energy makes bid for remaining Siemens Gamesa stake

FRANKFURT (Reuters) – Siemens Energy on Saturday said it would offer 18.05 euros ($19.06) per share for the remaining third it does not already own in Spanish-listed Siemens Gamesa, hoping to remove a complex ownership structure that has weighed on its shares.

Siemens Energy said the bid constitutes a premium of 27.7% over the last unaffected closing share price of wind turbine maker Siemens Gamesa of 14.13 euros on May 17.

($1 = 0.9470 euros)

(Reporting by Christoph Steitz and Ludwig Burger; Editing by Nick Zieminski)

Previous
Next

Editorial Cartoons

View More »

Michael Ramirez
Thu, Jun 30, 2022

X CLOSE