Iberdrola Sells Stake in Siemens Gamesa Renewable Energy

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Purchase price of €20.00 per SGRE share / All shares held by Siemens to be transferred to future Siemens Energy / Cooperation agreement signed for future joint projects / Intensified cooperation between Siemens and SGRE will create savings of up to €900 million (NPV) for SGRE

Siemens AG will acquire all the shares of Siemens Gamesa Renewable Energy (SGRE) held by Iberdrola S.A. At its regular meeting today, the Supervisory Board of Siemens AG approved the purchase of Iberdrola’s 8.1% stake in SGRE. The purchase price is €20.00 per share, which corresponds to a 32% premium on top of the average SGRE share price for the last 30 trading days. Siemens will pay the total amount of €1.1 billion from its own resources. All legal disputes between Iberdrola and Siemens... ... More: Official Press Release Siemens

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Siemens AG, Siemens Gamesa Renewable Energy, Siemens Energy, acquisition, Iberdrola, share, price, cooperation