According to the latest news, the planned takeover of Gamesa might take longer than expected. The main problem is the pricing of the 19.7% stake of Iberdrola in Gamesa. So far no comments from Siemens are available. The Gamesa takeover would help both companies to accelerate growth in offshore (Gamesa) and to improve the operating performance and the onshore business (Siemens). We expect the wind industry to consolidate further. Therefore the deal makes absolute sense for both parties. Iberdr
15 Feb 2016
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Siemens Aktiengesellschaft (SIE:WBO) | 0 0 0.4% | Mkt Cap: 93,908m
- Published:
15 Feb 2016 -
Author:
Heinz Steffen -
Pages:
2
According to the latest news, the planned takeover of Gamesa might take longer than expected. The main problem is the pricing of the 19.7% stake of Iberdrola in Gamesa. So far no comments from Siemens are available. The Gamesa takeover would help both companies to accelerate growth in offshore (Gamesa) and to improve the operating performance and the onshore business (Siemens). We expect the wind industry to consolidate further. Therefore the deal makes absolute sense for both parties. Iberdr