The address of Siemens Energy is currently providing details of the offer in a press conference. As he has said, the integration of Gamesa into Siemens Energy will “benefit all interested parties”.
Expansion continues
Siemens Energy announced a voluntary cash tender offer (OPA) last weekend for all the shares of Siemens Gamesa Renewable Energy (SGRE) it does not already own, i.e. about 32.9% of the same, with the intention of delisting it, such as reported by the Siemens energy subsidiary.
It thus offers EUR 18.05 per share, which represents a 27.7% premium compared to the last unaffected closing price of May 17, 2022 of EUR 14.13 per share. You now have one month to register the takeover bid with the National Securities Market Commission.
At current market prices, 100% of Siemens Gamesa would be valued at just over EUR 11,279 million, so a 33% bid would be over EUR 3,722 million.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
