October 30, 2020

Siemens Gamesa soars in the stock market for the possible purchase of 8% of Iberdrola


Madrid

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Siemens Gamesa titles skyrocketed this afternoon 9.38% after Bloomberg published that the German multinational Siemens would be willing to offer a bonus to win the 8% held by Iberdrola in Siemens Gamesa.

These rumors occur just when Siemens Gamesa and Iberdrola will face each other again in court after it has denounced the management it performs Siemens in its subsidiary, in which it has 59% of its capital.

These disagreements, which have been repeated for a few years, have worsened in recent months after Siemens announced that it would create an energy subsidiary that would include Siemens Gamesa, which was born after the merger of the Siemens renewables business and the Basque Gamesa group. Iberdrola, a reference partner of this company, has reduced its wind turbine orders to Gamesa in recent months.

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