Rejuvenation target: Siemens Energy AG is stepping up its efforts to turn around the troubled Spanish wind-turbine maker Siemens Gamesa Renewable Energy. — Reuters
HAMBURG: Siemens Energy AG will offer 4.04bil (US$4.27bil or RM19bil) 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.
Siemens Energy has offered 18.05 (RM83.89) per Siemens Gamesa share to fully acquire the company, it said.
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