(CercleFinance.com) – Siemens Gamesa Renewable Energy (SGRE) climbed 6% in Madrid after the announcement by Siemens Energy, on Saturday, of a voluntary takeover bid on all the SGRE shares that it does not yet hold, either approximately 32.9% of the capital, at a unit price of 18.05 euros.
“The transaction will support management’s efforts to resolve the current difficulties at SGRE and will generate value for the shareholders of the companies”, explains Siemens Energy, which expects cost and revenue synergies.
He also points out that the price thus offered represents a premium of 27.7% on the last closing price of the SGRE share not affected, on 17 May. The transaction is expected to be finalized in the second half of 2022.
If the operation is successful, the German energy group intends to request a withdrawal of the SGRE share from the Madrid Stock Exchange, recalling that the title is currently one of the components of its flagship Ibex 35 index. .
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