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GCTAY - Siemens to buy Iberdrola's stake in Siemens Gamesa for Euro1.1B
Siemens Gamesa Renewable Energy SA ADR
Siemens (OTCPK:SIEGY) says it is buying Iberdrola's (OTCPK:IBDRY) 8.1% stake in Siemens Gamesa Renewable Energy (OTCPK:GCTAY) for €20/share ($22.08) and will combine the business with its own energy unit ahead of a floatation later this year.
More news on: Siemens Aktiengesellschaft, Iberdrola, S.A., Siemens Gamesa Renewable Energy, S.A., Energy stocks news, Merger & acquisition news,