![]() Siemens Energy is still weighing up the potential impact an acquisition would have on its balance sheet and investment grade rating, the people said, adding that one option would be to pay with stock, rather than cash, to avoid raising fresh capital. read moreĪ deal could materialise by summer, one of the people said, pointing to the risks to Siemens Energy, which has had to cut its outlook three times over the past nine months to reflect guidance downgrades at Spanish-listed Siemens Gamesa. Siemens Energy CEO Christian Bruch is under pressure to find a way to sort out the ownership structure inherited as part of a spin off from former parent Siemens (SIEGn.DE) in 2020 that gave him majority ownership in a business but no control. "However, we would also see such a deal as potentially enabling a re-rating of Siemens Energy over the coming months from a greater clarity and simplification of the group's structure," they wrote. Shares in Siemens Gamesa, the world's biggest maker of offshore wind turbines, rose as much as 7.7% on the news, while Siemens Energy rose as much as 3.1%.Īnalysts at Citi, in a note following the news, said such a deal would bring most upside to Siemens Gamesa shares in the near-term. The company is currently working with advisers to look at options for how to best acquire the remaining 33% stake Siemens Energy does not yet own in Siemens Gamesa, two people familiar with the matter said. FRANKFURT, Jan 27 (Reuters) - Siemens Energy (ENR1n.DE) has stepped up efforts to explore a full integration of wind turbine business Siemens Gamesa (SGREN.MC), sources told Reuters, after profit warnings and share price slumps last week exposed flaws in the current ownership structure.
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