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    ENR   DE000ENER6Y0

SIEMENS ENERGY AG

(ENR)
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Delayed Xetra  -  11:35 2022-12-02 am EST
16.23 EUR   +1.56%
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Siemens Energy: unclear when Spanish regulator will approve Siemens Gamesa bid

10/05/2022 | 01:12pm EST
FILE PHOTO: An offshore wind turbine of the Siemens Gamesa company is seen from the Telde coast on the island of Gran Canaria

FRANKFURT (Reuters) - Siemens Energy is in constructive talks with Spain's stock market supervisor on a planned takeover bid for Siemens Gamesa, the company said, but added it could not say when a required approval for the deal would be obtained.

Siemens Energy in May unveiled plans to buy the remaining third in Siemens Gamesa it does not already own for 4.05 billion euros ($3.99 billion), a plan that needs to be approved by Spanish regulator CNMV.

Under a tentative timeline Siemens Energy previously said that the bid would launch in mid-September.

"We cannot comment on the timing of the Spanish regulator CNMV, Siemens Energy has no influence on this. We would of course like to have a positive response as soon as possible, as we want to realize our objectives as quickly as possible," the company said in emailed comments.

"However, if our offer is examined with due diligence, this will be in the interest of all shareholders and thus also in our interest. In any case, the exchange with CNMV is constructive and professional."

($1 = 1.0149 euros)

(Reporting by Christoph Steitz, editing by Rachel More and David Evans)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
SIEMENS AG 0.78% 134.7 Delayed Quote.-11.78%
SIEMENS ENERGY AG 1.56% 16.23 Delayed Quote.-27.83%
SIEMENS GAMESA RENEWABLE ENERGY, S.A. -0.06% 18.015 Delayed Quote.-14.50%
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Analyst Recommendations on SIEMENS ENERGY AG
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Financials
Sales 2022 28 360 M 29 737 M 29 737 M
Net income 2022 -449 M -471 M -471 M
Net cash 2022 1 795 M 1 882 M 1 882 M
P/E ratio 2022 -24,6x
Yield 2022 0,98%
Capitalization 11 599 M 12 162 M 12 162 M
EV / Sales 2022 0,35x
EV / Sales 2023 0,31x
Nbr of Employees 92 000
Free-Float 58,3%
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 16,23 €
Average target price 21,30 €
Spread / Average Target 31,2%
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Managers and Directors
Christian Bruch President & Chief Executive Officer
Maria Ferraro Chief Financial & Diversity Officer
Josef Kaeser Chairman-Supervisory Board
Laurence B. L. Mulliez Independent Non-Executive Member-Supervisory Board
GŘnter Augustat Member-Supervisory Board
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