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Share Suspended From Trading Again: Siemens Energy Examines Future Of Siemens Gamesa

Münster, Germany - The Siemens Gamesa share was briefly suspended from trading today (18.05.2022) after a price increase of over 10 percent. The background to this is renewed media reports that Siemens Energy AG, as majority shareholder, is considering a cash tender offer with the intention of delisting the outstanding shares of Siemens Gamesa Renewable Energy S.A..

Exactly one year ago (18.05.2021), a comparable announcement caused a very similar stir and price increase in the Siemens Gamesa share. The trigger was apparently targeted media rumours in the previous year as well. At the time, in response to a request from the Spanish stock exchange regulator CNMV (No. 2021093283), Siemens Energy had stated that it was not currently planning to submit a takeover bid for Siemens Gamesa.

Today (18.05.2022), Siemens Energy also feels compelled to take a stand. In an ad hoc announcement, Siemens Energy states that the company confirms that management is considering a cash tender offer with the intention of delisting the outstanding shares of Siemens Gamesa Renewable Energy S.A.. The outcome of this consideration is open. No decision has been made and there is no certainty that a transaction will occur, Siemens Energy said.

Trading in Siemens Gamesa shares had been suspended on the Madrid Stock Exchange from 09:15 to around 10:45 today, Wednesday 18.05.2022. Whether history repeats itself again next year remains to be seen.



Source: IWR Online, 18 May 2022