Report
Alfredo del Cerro
EUR 100.00 For Business Accounts Only

SIEMENS GAMESA: SIEMENS ENERGY LAUNCHES TOB (ANÁLISIS BANCO SABADELL)

Finally on Saturday Siemens Energy (35.1% stake in Siemens) launched a voluntary TOB on the 33% stake it does not hold in SGRE at € 18.05/sh. with no conditions. The price means a +7.5% premium vs. Friday’s closing price, but +27.7% over the share price before the rumours of a TOB surfaced (17/05), and it is in line with the average trading price over the past 6 months (€ 18.01/sh.).
Underlying
SIEMENS GAMESA (SGRE SM)

Provider
Sabadell
Sabadell

Analysts
Alfredo del Cerro

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