Munich, 03 April 2017. It looks like you are using a browser that is not fully supported. By using this website, you consent to the use of cookies. (1) This amount is the result of deducting from the announced gross extraordinary dividend of €3.75 per share all dividends paid since the execution of the merger agreement (June 17, 2016) until the expected merger effective date, that amounts to €0.15 per share (paid on July 4, 2016). Gamesa began operations in 1976 as Grupo Auxiliar Metalúrgico S.A., focused at that time on developing new technologies and applying them to emerging activities. The first Board of Directors meeting of the combined company will take place tomorrow, April 4, where the first decisions regarding the composition of the Board and Committees and top management are expected. You need further information or have specific questions around our press and media activities? Antitrust approvals have now been obtained in all required jurisdictions, and all the conditions precedent for the merger have been satisfied. Firefox Browser, Chrome Browser, These included robotics, microelectronics, aeronautics and the development of composite materials. In a letter signed by 157 businesses from diverse sectors and including Google, Deutsche Bank, Unilever, Apple and Siemens Gamesa, they called for EU leaders to meet the at least 55% cut in emissions by 2030 established in the European Green Deal. Detailed information on the use of cookies on this website is provided in our Privacy Policy. "We’d like to thank Markus Tacke for his work over the past three years and, in particular, for the integration of Siemens Wind Power and Gamesa in the course of the merger," said Miguel Angel López, Chairman of the Board of Directors of Siemens Gamesa. Siemens Gamesa offers one of the industry’s broadest product portfolios, with both offshore and onshore technology as well as industry-leading service solutions. Businesses are highly complementary with regard to markets, products and technology and will create great value to customers and s... Siemens to hold a 59 percent stake and consolidate the merged company and existing Gamesa shareholders to hold 41 percent, Gamesa shareholders to receive a cash payment of €3.75 per share funded by Siemens, Annual EBIT synergies of around €230 million expected. This transaction creates a global leader in the wind power industry, with a presence in more than 90 countries, industrial footprint in key wind markets and an installed base of 75 GW. After being registered in the Mercantile Registry of Biscay, in Spain, the companies merge becoming one company. Our mission: We make real what matters – Clean energy for generations to come Safari Browser. The combined company has a €21 billion backlog, pro forma revenues of €11 billion and €1.1 billion of adjusted EBIT in the fiscal year ended December 2016. Siemens will own 59 percent of the share capital of the merged company, 8 percent will be held by Iberdrola, and the rest will be free-floating shares. April 6: Last trading date with right to receive the extraordinary dividend. usability. usability. This site uses cookies in order to improve your user experience and to provide content tailored specifically to your interests. Please contact us. JavaScript and reload the Further information about data protection can be found in our privacy policy. Implicit technical market correction of c. €3.6 per share. You can contact us calling to our offices or filling the hereunder contact form: The merger of Gamesa and Siemens Wind Power becomes effective. JavaScript and reload the We will be happy to take care of your request. Further liquidity composition as of 31 March merged into Gamesa consists of cash in carved out entities, cash accumulated since carve out and contractual settlements amounts to €885 million.
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