Siemens Energy has launched a takeover bid for the 32.9% of Siemens Gamesa’s capital that it does not already own, valued at 4 billion euros. The offer will involve a payment of 18.05 euros per share in cash, less than the 20 euros it paid in February 2020 to Iberdrola for the remaining 8% of the capital. Then the CNMV exempted them from launching a takeover bid for its industrial…
Shares in Siemens health division, Healthineers, made their stock market debut last Friday (delayed due to technical problems) at 28 euros each, closing at 30,20 euros, implying a revaluation of close to 8%. They are trading at 32,04 euros/share today, Wednesday.
As part of its restructuring process, Siemens is preparing a stock market listing for its health division, which will be the biggest operation to take place in Germany (it will make its debut on the Frankfurt stock market) since the IPO of Deutsche Bank in 1996. The company is valued at around 40 billion euros.
AlphaValue’s experts are worried about the lack of stocks in the Stoxx600 universe that match the requirement of “post Uber” business models: ones where capital intensity is light, where green is more than a buzzword and where businesses can bank on forever free money. As they comment “somehow, the revamped Siemens fits the bill”. Why?
Spanish business woman Alicia Koplowitz has made an initial investment of 2 million euros in wind turbine manufacturer Gamesa via her sicav. The move comes at a time when Gamesa and Germany’s Siemens are involved in merging their wind energy business.
Siemens has identified three key points which could delay or even thwart the deal it is negotiating with Spanish firm Gamesa. The most important is resolving the problem of eliminating competition in the industry, which a tie-up between the two companies would provoke. This issue could cause the transaction to be blocked.