Siemens Gamesa will stop trading on Spanish stock markets this Tuesday, By concluding all operations of Siemens Energy’s perpetual acquisition offer launched last December on the same economic terms as the takeover offer.
Like this governing societies bags From Madrid, Barcelona, Valencia and Bilbao yesterday, Siemens agreed to exclude 681,143,383 shares of Gamesa Renewable Energy from trading. The listing of titles has been suspended since February 7. when the perpetual purchase offer expires.
The nominal value of each of the excluded securities is €0.17, thus the accepted capital represents €115.8 million.
In this way, although Gamesa is not entirely owned by Siemens Energy, it remains out of the markets.. The continuous buyout offer ended with the purchase of 34.5 million shares a week ago, compared to 49.6 million shares that Siemens Energy did not own before the operation began.. This means that the company owns 97.79% of Siemens Gamesa’s capital.
Three weeks ago, Christian Bruch, chairman of Siemens Gamesa, admitted at the extraordinary shareholders’ meeting: the financial results in recent years “has not been satisfactory.
However, the executive also stated that delisting would improve “coordination” between the two companies. “It will provide further support to Siemens Gamesa in resolving its financial difficulties.”
Siemens Energy closed its first fiscal quarter between October and December 2022 with a loss of 473 million euros.Tripled the negative result of 131 million recorded by the company in the same period of the previous yearUnder the weight of losses recorded in Siemens Gamesa Renewable Energy.
Between October and December of last year, 823 million ‘red numbers’ registered by Siemens Gamesa Renewable Energycompared to 320 million losses recorded in the first quarter of the previous fiscal year.