Monday, March 20 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Mar 20
Week of Mar 13
Week of Mar 06
Week of Feb 27
Week of Feb 20
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Siemens Gamesa’s shareholders approve delisting of the company

    January 26, 2023 - dpa


      Madrid — The majority of Siemens Gamesa's shareholders have approved the delisting of its shares from Spanish stock exchanges, following a successful takeover bid by German parent Siemens Energy.

      The delisting of the shares is now subject to authorization by the National Securities Market Commission and the settlement of all the purchase transactions, the company said Wednesday.

      Siemens Energy said in May that it offered to buy the remaining about 32% stake in Siemens Gamesa Renewable Energy for €18.05 ($19.69) per share in cash.

      The company already owns about 67.1% stake in the Spanish-German wind turbine maker.

      The Commission authorized the offer in November 2022 and 77.88% of Siemens Gamesa's minority shareholders tendered their shares during the acceptance period, which closed on December 13.

      As a result, Siemens Energy's stake in Siemens Gamesa increased to 92.72%.

      Shareholders also approved the amendment of the by-laws of the company in order to adapt them to the regulations for non-listed companies.

      Siemens Gamesa said it will reduce the number of members on the board of directors from ten to three.

      Board members Francisco Belil, Gloria Hernández, Harald von Heynitz, Maria Ferraro, Rudolf Krämmer and Mariel von Schumann, who submitted their resignations in December, will leave Siemens Gamesa once the company is delisted.

      The company stated that chairman Christian Bruch and chief executive Jochen Eickholt will remain on the new board along with Anton Steiger, who serves as a non-executive proprietary director.

      ©2023 dpa GmbH. Distributed by Tribune Content Agency, LLC.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.