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Siemens Energy ready to reorganize in wind power

2022-05-18T18:33:08.955Z

The German group plans to launch a takeover bid and take Siemens Gamesa out of the stock market. The stock market reacted well, of course. The Siemens Gamesa title soared by more than 12% on the Madrid Stock Exchange on Wednesday May 18. In the morning, the German group Siemens Energy, shareholder of the manufacturer of wind turbines up to 67%, indicated, via a press release, "to consider a cash offer for all the outstanding shares" of Siemens Gamesa, with "the intention of an exit from the S



The stock market reacted well, of course.

The Siemens Gamesa title soared by more than 12% on the Madrid Stock Exchange on Wednesday May 18.

In the morning, the German group Siemens Energy, shareholder of the manufacturer of wind turbines up to 67%, indicated, via a press release,

"to consider a cash offer for all the outstanding shares"

of Siemens Gamesa, with

"the intention of an exit from the Stock Exchange”

.

The German giant, however, said that it is still only a reflection and that

"no decision has been taken to date"

.

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This rise in the stock market should not hide the poor performance of Siemens Gamesa for many months.

Compared to the high point reached in January 2021, the stock is down almost 60%!

The financial performance of the subsidiary of Siemens Energy specialized in wind energy is, it is true, disappointing.

The company has issued two earnings warnings since the start of the year.

The first, before the publication of the results of the first quarter…

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Source: lefigaro

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