Siemens Energy bids for remaining stake in Siemens Gamesa

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.

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SSE to acquire SGRE’s 3.9 GW European renewable energy platform

SSE Renewables, based in the UK, has signed an agreement with Siemens Gamesa Renewable Energy (SGRE) to acquire approximately 3.9 GW European renewable energy development platform for $627 million. Under the agreement, SSE Renewables will acquire SGRE’s 3.9 GW onshore wind portfolio across Spain, France, Greece, and Italy.

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