- Siemens Energy AG SMNEY SMEGF is reportedly in talks with the Spanish stock market regulator about a proposed takeover bid for struggling wind turbine maker Siemens Gamesa, but is unsure when it will receive the necessary approval.
- Siemens Energy presented in May plans to buy the remaining third stake in Siemens Gamesa for 4.05 billion euros ($3.99 billion), which requires the green signal from Spanish regulator CNMV.
- Under a tentative schedule, Siemens Energy said the offering would start in mid-September.
- “At the time of the Spanish regulator CNMV, we cannot comment and Siemens Energy has no influence on this. We would obviously like to have a positive response as soon as possible as we want to achieve our goals as soon as possible,” Reuters reported quote the company’s email comments.
- “However, if our offer is carefully examined, this is in the interest of all shareholders and therefore also in our interest. In any case, the exchange with CNMV is constructive and professional.”
- On Wednesday, Reuters reported Siemens Gamesa would replace the head of its onshore unit following recent financial losses that have squeezed the business.
- Photo via company
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