Siemens Gamesa Interested in Senvion Parts

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The envisaged transaction comprises the selected Services and Onshore assets in Europe / Creditor's committee unanimously approves entering into an exclusivity agreement with Siemens Gamesa

Senvion today announced that it has entered into an exclusivity agreement with Siemens Gamesa to pursue negotiations for the sale of selected Services and Onshore assets in Europe. The agreement was approved unanimously by Senvion's creditors' committee. The approval of the insolvency plans by the creditors' assembly on 11 September enabled this transaction. The parties are now entering final negotiations and, if final agreements are reached, expect that the necessary decisions will be taken by the end of September. The financial arrangements to secure ongoing... ... More: Official Press Release Senvion

Keywords:

Senvion, Siemens Gamesa, onshore, asset, Europe, service, insolvency, creditor