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    Siemens Energy Plans to Acquire Remaining 33% Stake in Siemens Gamesa Renewable Energy


    May 23, 2022 - Marketline - Deals

     

      Deal In Brief

      Siemens Energy AG, a Germany-based energy company, intends to acquire remaining 33% stake in Siemens Gamesa Renewable Energy SA (Siemens Gamesa), a Spain-based supplier of wind power solutions and a subsidiary of Siemens AG

      Siemens Energy owns 67% stake in Siemens Gamesa, and the outstanding 33% stake worth over EUR3 billion. Siemens Energy's management is considering a cash tender offer for all outstanding shares in Siemens Gamesa with the intention to delist

      The outcome of this consideration is open. No decision has been made and there is no certainty that a transaction will materialise.

      Deal Type Acquisition
      Sub-Category Minority Acquisition
      Deal Status Rumour: 2022-05-18

      Deal Participants

      Target (Company) Gamesa Corporacion Tecnologica, S.A.
      Acquirer (Company) Siemens Energy

      Deal Rationale

      % Acquisition 33%

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)

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