Siemens Energy to Buy Shares in troubled Siemens Gamesa

Bloomberg Energy AG will offer to buy the shares in Siemens Gamesa Renewable Energy SA it doesn't already own, a long-awaited step in its efforts to turn around the troubled Spanish wind-turbine maker.

None of Walmart s Troubles Should Have Everyone on High Alert

None of the world's most frothiest housing markets turned into a Seller's Headache Overnight.

None Elon Musk Gets Defensive Over Twitter Meme as Harassment Report Surfaces

Siemens Energy will give 18.05 euros per Siemens Gamesa share to fully acquire the company, it said on Saturday. According to Bloomberg, Siemens Energy has 67% of the firm, which has a market value of 11.4 billion euros $12 billion.

Gamesa's shares increased more than 18% since Bloomberg reported on Wednesday that Siemens Energy is considering a full takeover with a view to delist the firm, a plan that the company later confirmed.

There have been speculations about a full takeover. The operations of Siemens Gamesa have been affected by project delays and cost overruns, which has resulted in several profit warnings and a suspension of its guidance. The issues are so dramatic that they have eroded investor trust and increased the possibility that Siemens Energy might tighten its grip on the unit to address the problems.

Siemens Energy's bid represents only a small premium over Friday's closing price of 16.745 euro per Siemens Gamesa share. It is above the target's weighted three-month average share price, which is around 16.50 euros, in line with market rules.

Turbine makers are facing rising costs for energy, steel and copper, as well as supply-chain disruptions that are squeezing profits. The problem of Siemens Gamesa is its onshore division, where the company has been facing difficulties scaling up its new turbine model, dubbed the 5. None Compensation is an Even Bigger Headache in the Remote-Work Era.

None of the Math Prodigy Whose Hack Upended DeFi Won tdt Give Back His Millions if He did not give back his Millions of Dollars.

None Used Cars Become An Expensive Problem for Online Dealers Like Carvana

None of the UK is about to become a Stagflation Nation.