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Siemens Energy launches $4.3 billion bid for remaining Siemens Gamesa stake

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Reuters UK

By Ludwig Burger and Christoph Steitz FRANKFURT (Reuters) -Siemens Energy on Saturday launched a 4.05 billion euro ($4.28 billion) bid for minority holdings in struggling wind turbine unit Siemens Gamesa, hoping to remove a complex ownership structure that has weighed on its shares. The bid at 18.05 euros per share constitutes a premium of 27.7% over the last unaffected closing share price of Spanish-listed Siemens Gamesa at 14.13 euros on May 17 and is a 7.8% premium to Friday’s closing price. Siemens Energy has faced mounting shareholder pressure to seek total control of Siemens Gamesa (SGRE…

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