EnergyWatch

Siemens Energy to spend EUR 4bn on acquiring Siemens Gamesa

The turbine maker’s majority owner has now officially announced its ambition to acquire the remaining third of the shares and delist Siemens Gamesa.

Photo: Siemens Gamesa/Laura Gonzalez

After more than a year of persistent rumors, there is now confirmation: On Saturday, Siemens Energy announced its plans to buy out the remaining shareholders of Siemens Gamesa.

The shareholders will be offered EUR 18.05 per share, corresponding to a total purchase price of approximately EUR 4bn for the remaining 32.9% percent of shares. Siemens Energy expects to close the deal before the end of the year, by which time the turbine maker will be delisted from the stock exchange in Spain.

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