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IN BRIEF: Siemens Gamesa shareholders approve Spanish delisting plans

25th Jan 2023 16:52

Siemens Energy - Munich, Germany-based company with a product range including gas and steam turbines - Siemens Gamesa Renewable Energy shareholders approve delisting of the company Spanish stock exchanges at an extraordinary general meeting. Says 98% of shareholders vote in favour of the motion. Delisting is still subject to approval from the Spanish National Securities Market Commission.

Siemens Energy Chief Executive Officer Christian Bruch says: "Resolving the current challenges at Siemens Gamesa and turning around the business is the number one priority...he delisting will help the team focus entirely on solving operational issues. This is the right thing to do to get Siemens Gamesa back on track and I appreciate the decision of the outstanding shareholders to support our efforts to return to profitability."

Current stock price: EUR18.70, down 1.3%

12-month change: up 0.2%

By Greg Rosenvinge, Alliance News reporter

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