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Siemens Gamesa has made progress in turnaround -Siemens Energy CEO By Reuters



© Reuters. FILE PHOTO: Christian Bruch, Chief Govt Officer of Siemens Power AG attends Siemens Power’s preliminary public providing (IPO) on the Frankfurt Inventory Alternate in Frankfurt, Germany, September 28, 2020. REUTERS/Ralph Orlowski

FRANKFURT (Reuters) – Spanish-listed wind turbine maker Siemens Gamesa has made noticeably progress in its turnaround efforts in current months, the chief govt of guardian Siemens Power stated on Wednesday.

Requested whether or not Siemens Power was planning to take full possession of Siemens Gamesa, during which it owns 67%, Christian Bruch stated it was as essential such step would create shareholder worth, including that no determination had been taken but on the matter.

Primarily based on Siemens Gamesa’s present market worth, the stake Siemens Power doesn’t but personal is price 4.63 billion euros ($5.35 billion).

($1 = 0.8648 euros)

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