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Siemens Energy makes bid for remaining Siemens Gamesa stake

05/21/2022

Less than a minute

2022.05.21 23:36

Siemens Energy makes bid for remaining Siemens Gamesa stake
FILE PHOTO: A model of a wind turbine with the Siemens Gamesa logo is displayed outside the annual general shareholders meeting in Zamudio, Spain, June 20, 2017. REUTERS/Vincent West

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)

05/21/2022

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