Picture of Siemens Energy AG logo

ENR Siemens Energy AG News Story

0.000.00%
de flag iconLast trade - 00:00
EnergySpeculativeLarge CapHigh Flyer

Ananym Capital takes stake in Siemens Energy, asks for wind spin-off, source says

FRANKFURT, Dec 9 (Reuters) - U.S.-based investor Ananym Capital has taken a stake in German power equipment Siemens Energy ENR1n.DE and is asking the group's management to review its struggling wind division, a person familiar with the matter said.

According to Ananym, a divestment or spin-off of the business could raise Siemens Energy's shares by around 40%, the person said.

Ananym was not immediately available for comment outside business hours.

Siemens Energy said in a statement that it "values constructive input for creating sustainable value for shareholders, employees, customers and partners," and that it addressed the development of its wind unit at a recent capital markets day.

 (Reporting by Christoph Steitz
Editing by Miranda Murray and Sabine Wollrab)

 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))

Recent news on Siemens Energy AG

See all news