July 2, 2022

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Siemens Gamesa says it will analyze the “Terms and Conditions” of Siemens’ takeover offer

© Reuters. Siemens Gamesa says it will analyze the “Terms and Conditions” of Siemens’ takeover offer

Madrid, May 22 (.).- Siemens Gamesa (BME:) It clarified on Sunday evening, regarding the takeover offer that Siemens Energy announced on Sunday, that it will analyze the terms and conditions of the offer, and that it will monitor them constantly and will issue a report with its opinion. and notes where legally required.

In a statement sent to the CNMV, the Spanish subsidiary of Siemens indicated that its board of directors had taken notice of the announcement sent to CNMV by Siemens Energy, a shareholder of 67.071% of its stake. Regarding the terms and conditions of the takeover offer made by the energy sector company of the German Siemens Group for all of its shares.

He added that Siemens Gamasa’s board would have legal and financial advisors “to better defend the interests of the company and its shareholders”.

Siemens Gamesa also confirmed that the company’s board of directors, bearing in mind that the bidder is a “substantial shareholder in the company and represented on its governing body”, had discussed and subsequently approved the formation of a committee to monitor the bid.

Siemens Energy’s takeover offer, for 18.05 euros per share, to control the 32.93% it does not own from its subsidiary Siemens Gamesa, means the latter’s valuation of just over 12,294 million euros, with expenses to acquire 33% approximately 4,048 million.

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