Reuters reveals Siemens Energy weighing purchase of remaining Siemens Gamesa stake; market reacts

Reuters reported German parent group Siemens Energy has stepped up efforts to explore a full integration. The report revealed that Siemens Energy is working with advisers on options for how to best acquire the remaining third in Siemens Gamesa it does not yet own, hoping to end an arm‘s length relationship following a number of painful profit warnings. Such a move would reduce complexity at one of Germany‘s largest industrial groups and address what has become a key issue for investors.