Report
Baptiste Lebacq

Siemens Gamesa : Siemens Energy offer for Siemens Gamesa minorities

>Cash offer by Siemens Energy at € 18.05 per share - Siemens Energy announced it has launched a cash offer for all the capital of Siemens Gamesa (SGRE) that it does not own, or around 32.9% for € 4bn.SGRE minority shareholders will be offered € 18.05 per share (a 7.7% premium to the last closing price). This equates to a premium of close to 28% to the closing price on 17 May (before the offer rumours) but the discount to the average price for SGRE over a year is ...
Underlying
Siemens Gamesa Renewable Energy S.A.

Siemens Gamesa Renewable Energy is a holding company. Through its subsidiaries, Co. is engaged in the business of renewable energy sources, primarily wind power but also including solar energy where its acts as a supplier and manufacturer of technological products, installations and services. Co. is organized along the lines of: promotion, construction and sale of wind farms, engineering, design, manufacture and sale of wind turbines, manufacture of thermic and photovoltaic solar components, promotion and sale of photovoltaic solar farms. Co. also participates in both Spanish and European working groups aimed at establishing priorities for its sector's research & development work.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Baptiste Lebacq

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