Media: Siemens could be forced into full acquisition

Shareholders want the Spanish financial regulator to demand that Siemens launch a bid to take over Gamesa, report Spanish media outlets. The German firm would risk paying a significant surcharge.

Photo: Siemens Gamesa

The honeymoon between Siemens Wind Power and Gamesa seems to be over. Ahead of the merged company's first capital markets, held today, Thursday, several of the turbine manufacturer's minor shareholders are investigating whether it is possible to force Siemens to fully take over the company, reports Spanish newspaper El Español.

As majority shareholder, Siemens owns 59 percent of Siemens Gamesa. The Spanish energy company Iberdrola has a shareholding of 8.1 percent, while the remaining share are owned by private shareholders and a series of investment companies such as Blackrock, Vanguard and Alken. They all have one thing in common, namely that since the merger's finalization in April they have watched the turbine maker's share price be slashed in half despite some stabilization at the very beginning of the year.

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