Business & FinanceDealsEnergyEnvironment
27 January 2022, 3:01 pm. 1 minute
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.
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.
Topics of Interest: Business & FinanceDealsEnergyEnvironment
Type: Reuters Best
Sectors: Commodities & Energy
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story