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Insider: State guarantees could place a heavy burden on Siemens Energy – shares are in positive territory
December 14, 2023, 2:40 p.m
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The crisis company Siemens Energy According to insiders, the guarantees provided by the German state could cost dearly. It was said that the group might have to pay around 500 million euros for this over the next three years.
The DAX group needs guarantees worth billions in order to process its order book, which has ballooned to over 100 billion euros. The federal government had promised guarantees amounting to 7.5 billion euros. Siemens Energy did not comment. There was no word from the Federal Ministry of Economics either. “Wirtschaftswoche” first reported on the sum. The Siemens Energy shares increased by 8.8 percent.