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Shareholder Agreement Siemens Gamesa

The notification also indicates that Iberdrola, Siemens and Siemens Gamesa will develop their commercial relationships in the onshore and offshore wind energy, digital network and load management and other renewable energy and grid sectors under a separate six-month cooperation agreement. On July 17, 2016, Siemens and Gamesa announced their intention to merge their wind operations with Siemens` 59% stake and the 41% stake of former Gamesa shareholders in the resulting company. Siemens paid one billion euros in cash for its stake in Gamesa. The resulting company was headquartered in Spain and headquartered in Hamburg and Vejle, Denmark. The combined business was the world`s largest producer of wind turbines with installed capacity (69 GW). [68] [69] The merger came into effect on April 3, 2017. This last step will create a purely energy business, the company said. “There are no firm takeover bids for SGRE`s external shareholders.” Siemens AG (Berlin and Munich) is a global technology centre that has represented engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company has a worldwide presence and focuses on electricity generation and distribution, intelligent infrastructure for distributed buildings and energy systems, as well as automation and digitization in the process and manufacturing industry. With Siemens Mobility, a leading provider of smart mobility solutions for rail and road transport, Siemens is creating the global passenger and freight market with Siemens Mobility, a leader in smart mobility solutions for rail and road transport.

With majority stakes in siemens listed companies Healthineers AG and Siemens Gamesa Renewable Energy, Siemens is also a global leader in medical technology and digital health services, as well as environmentally friendly solutions for onshore and offshore wind energy production. In the 2019 financial year, which ended September 30, 2019, Siemens generated revenues of 86.8 billion euros and a net profit of 5.6 billion euros. At the end of September 2019, the company employed approximately 385,000 people worldwide. More information is available at conventional and renewable energy sector. Siemens Energy, which will then hold about 67% of the voting rights of La SGRE, will have a two-thirds majority at the company`s general meeting. There are no plans to make a firm takeover bid to SGRE`s external shareholders. All disputes between Iberdrola and Siemens Gamesa will be settled as part of the agreement and the Spanish developer has also signed a cooperation agreement with the other two companies on exclusive bargaining rights for the promotion of wind and grid. Following the conclusion of the merger agreements between Gamesa and Siemens, submitted today to the ComisiƩn Nacional del Mercado de Valores (CNMV), Iberdrola will hold 8.1% of the Basque company`s shares.