Siemens Energy has launched a 4.05 billion euro bid for a minority stake in Siemens Gamesa. By doing this Siemens Energy hopes to resolve a complicated ownership structure that has weighed on its shares. The bid of 18.05 euros per share represents a 27.7 per cent premium over Siemens Gamesa’s last unaffected closing share price of 14.13 euros on May 17, 2022, and a 7.8 per cent premium over the closing price of May 20, 2022.
Siemens Energy has faced mounting shareholder pressure to seek total control of Siemens Gamesa (SGRE), in which it owns a 67 per cent stake inherited after a spin-off from former parent Siemens. Despite its stake, Siemens Energy has been unable to exert substantial influence over Siemens Gamesa, which has issued three profit warnings in less than a year due to product delays and operational issues.
In March 2022, Siemens Gamesa signed an agreement with Eolus, a major wind power developer in the Nordic region, to deliver 16 wind turbines for upcoming wind projects in Skallberget-Utterberget and Tjarnas, Sweden. The first project, located in the Avesta Municipality in Skallberget-Utterberget, would be equipped with twelve SG 6.6-170 wind turbines that will generate approximately 74 MW of power. The second project, in Hedemora Municipality’s Tjarnas, would feature four turbines producing around 25 MW of power. Both projects would be completed in the fourth quarter of 2023, and both are located in SE3.
