Siemens Energy secures provisional deal for guarantees 

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DealsEnergy

Reuters exclusively reported that Siemens Energy had secured a provisional deal for around 15 billion euros in project-related guarantees from the German government, Siemens AG and commercial banks, marking a breakthrough for the energy equipment maker after weeks of intense discussions. 

Market Impact

Shares in Siemens Energy rose 8% on the Reuters report, while Siemens AG, which still holds a 25.1% stake in the former division, also advanced 2.4%. The issue around guarantees has been a major concern for investors fearing that Siemens Energy could lose business as a result. 

Article Tags

Topics of Interest: DealsEnergy

Type: Reuters Best

Sectors: Commodities & Energy

Regions: Europe

Countries: Germany

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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