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Siemens Energy top-10 Investor Urges Management to Buy Siemens Gamesa
Published by maria gbaf
Posted on February 22, 2022
2 min readLast updated: February 8, 2026
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Company
Published by maria gbaf
Posted on February 22, 2022
2 min readLast updated: February 8, 2026
Add as preferred source on GoogleFRANKFURT (Reuters) – Siemens Energy should buy the rest of wind turbine maker Siemens Gamesa to accelerate a turnaround at the Spanish-listed firm, Deka, the second top-10 shareholder in as many weeks to call for the takeover, said on Monday.
FRANKFURT (Reuters) – Siemens Energy should buy the rest of wind turbine maker Siemens Gamesa to accelerate a turnaround at the Spanish-listed firm, Deka, the second top-10 shareholder in as many weeks to call for the takeover, said on Monday.
The comments from Ingo Speich, head of sustainability and corporate governance at Deka Investment, raise pressure on Siemens Energy’s management, which has so far been unable to improve performance at the 67%-owned unit.
“If Siemens Energy is really serious, there is no way around a full takeover of Siemens Gamesa,” Speich said in remarks prepared for Siemens Energy’s annual general meeting scheduled for Feb. 24.
Refinitiv data shows Deka as Siemens Energy’s ninth-largest investor.
“A full integration would allow Siemens Energy to more easily control, break up structures and streamline decision-making. Look at the low share price as an opportunity to favourably expand your influence and then create value,” Speich said.
Last week, Union Investment also called for the purchase of the 33% Siemens Energy does not own in Siemens Gamesa, a stake that is worth 3.7 billion euros ($4.2 billion).
Speich said trust among investors had been eroded after Siemens Gamesa triggered three profit warnings at its parent company.
“Market trust is destroyed and must be slowly regained,” Speich said.
Sources told Reuters last month that Siemens Energy was stepping up efforts to explore a full integration of Siemens Gamesa.
($1 = 0.8801 euros)
(Reporting by Christoph Steitz; Editing by Miranda Murray and Barbara Lewis)
Sustainability in business refers to the ability to operate in a manner that meets present needs without compromising the ability of future generations to meet their own needs. It often involves environmental, social, and economic considerations.
An investor is an individual or entity that allocates capital with the expectation of a financial return. Investors can include individuals, companies, and institutions that invest in various assets such as stocks, bonds, or real estate.
Renewable energy is energy generated from natural resources that are replenished over short periods of time, such as sunlight, wind, rain, tides, waves, and geothermal heat. It is considered more sustainable than fossil fuels.
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