Gamesa shareholder Iberdrola intends to keep significant stake; wants new company to remain Spanish
Gamesa's main shareholder Iberdrola (19.7% stake) is intent on maintaining the wind turbines maker Spanish, El Confidencial reported, citing sources from the electricity group. Iberdrola is a key player in the merger talks between Siemens and Gamesa, according to the Spanish-language report.
According to the report, Iberdrola wants the company resulting from the merger to be headquartered in Spain and listed in the Spanish stock exchange. Iberdrola also wants to be a significant shareholder of the new company, El Confidencial said.
Talks between Siemens and Gamesa continue. The German group is trying to avoid having to make a compulsory full takeover bid for Gamesa, the report said.
Gamesa's stock closed on 4 March at EUR 16.82, above the EUR 14.4 per share the stock was work on 28 January, just before the talks with Siemens were unveiled. It’s market capitalisation stands at EUR 4.697bn, the report added.
El Confidencial