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Gamesa approves Siemens deal

Shareholders vote in favour of merger deal with German giant

Gamesa approves Siemens deal image

Gamesa shareholders have voted in favour of merging the Spanish manufacturer with Siemens at an extraordinary shareholders’ general meeting today.

The combined Siemens/Gamesa company is expected to have 69GW installed worldwide.

The German giant will receive newly issued shares of the combined company and will hold 59% of the share capital, while Gamesa’s existing shareholders will hold 41%.

The combined company will have global headquarters in Spain and will remain listed in the country.

Image: Gamesa

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