09 November 2023, 11:33 am 1 minute
Reuters exclusively reported that Siemens Energy had secured a provisional deal for around 15 billion euros in project-related guarantees from the German government, Siemens AG and commercial banks, marking a breakthrough for the energy equipment maker after weeks of intense discussions.
Shares in Siemens Energy rose 8% on the Reuters report, while Siemens AG, which still holds a 25.1% stake in the former division, also advanced 2.4%. The issue around guarantees has been a major concern for investors fearing that Siemens Energy could lose business as a result.
Topics of Interest: DealsEnergy
Type: Reuters Best
Sectors: Commodities & Energy
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story