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Reuters reveals Siemens Energy weighing purchase of remaining Siemens Gamesa stake; market reacts

Business & FinanceDealsEnergyEnvironment

Reuters reported German parent group Siemens Energy has stepped up efforts to explore a full integration. The report revealed that Siemens Energy is working with advisers on options for how to best acquire the remaining third in Siemens Gamesa it does not yet own, hoping to end an arm‘s length relationship following a number of painful profit warnings. Such a move would reduce complexity at one of Germany‘s largest industrial groups and address what has become a key issue for investors.

Market Impact

Shares in Siemens Gamesa, the world’s largest maker of offshore wind turbines, rose as much as 9% on Thursday. Shares in Siemens Energy rose as much as 3.6% on the news.

Article Tags

Topics of Interest: Business & FinanceDealsEnergyEnvironment

Type: Reuters Best

Sectors: Commodities & Energy

Regions: Europe

Countries: Germany

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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