The German investment firm joins the voices that demand an offer for the stock market exclusion of the Spanish renewable.

The German investment firm joins the voices that demand an offer for the stock market exclusion of the Spanish renewable.

The German investment firm joins the voices that demand an offer for the stock market exclusion of the Spanish renewable.

A Siemens Gamesa wind turbine.

Siemens Gamesa it advances again with force to the sound of opa drums. Shares of the renewable soared up to 7.8% in intraday highs of 17.64 euros after learning that the Union Investment fund, one of the main shareholders of Siemens Energy, supports the idea of ​​an offer for the latter to take “full control” of its Spanish investee.

What until now had been rumors or suggestions from different investment houses now becomes a claim of one of the main investors of Siemens Energy. A change that has caused a barrage of opportunistic purchases of Siemens Gamesa shares, which despite everything have accumulated losses of 49% in the last year.

The managers of Union Investment have not specifically referred to the takeover bid, but this would be the only viable formula for Siemens Energy to be able to take over 33% of Gamesa that escapes their control and then proceed to its stock market exclusion. The question is whether the fund will formally take this proposal to the next shareholders meeting of the German group, scheduled for February 24.

Straighten the course

In favor of this formula, sources from the investment fund indicate Reutersthe fact that Jochen Eickholt, designated for the position of CEO of the Spanish from March 1, is a specialist in company reorganization. His appointment was made public after Siemens Gamesa published three profit warning over the last nine months.

In any case, Union Investment’s position may remain anecdotal, since He barely owns 1.3% of the shares of Siemens Energy. A package that, however, places the manager of the DZ Bank group in fifth position among the relevant shareholders of the energy company.

Ahead of her are only placed Norges Bank (1.9%), Vanguard Group (1.6%) and black rock (1.5%). All of them with positions not much looser than that of the German fund. Above all of them, the group’s parent company, Siemens AG, which has a weight of 40.1% in its energy subsidiary.

The search for formulas to straighten the course of Siemens Gamesa has accelerated after the company announced losses of 403 million euros for its first fiscal quarter, which includes the period between the months of October and December. In addition, these red numbers must be added to the more than 1,500 million in losses accumulated in the last two years.

At the end of the session, advances are limited to 6.6% at 17.46 euros per share. Although below its highs of the day, above the first login crosses.

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