EUROP — صفحه 4 از 8 — ✅ خرید وی پی ان ❇ ip ثایت vPn آی پی اختصاصی ◐

می 23, 2022

Siemens Energy sees ‘need for action’ in $4.3 bln turbine unit takeover plan

MADRID, May 23 (Reuters) – Siemens Energy (ENR1n.DE) does not yet see signs of a recovery at wind turbine maker Siemens Gamesa (SGREN.MC), its chief executive said on Monday after launching a 4.05 billion euro ($4.29 billion) bid for minority holdings in the unit.Siemens Energy announced the bid on Saturday after pressure from shareholders to raise its stake in Siemens Gamesa from the 67% it inherited after a spin off from Siemens (SIEGn.DE). Siemens Gamesa said it would review the offer. read more Siemens Gamesa shares rose more than 6% at the Madrid market open to trade at about 17.7 euros by 0705 GMT, just below the 18.05 euro per share offer price. Siemens Energy shares rose 2.7% in Frankfurt.Register now for FREE unlimited access to Reuters.comRegisterSiemens Gamesa, whose shares had fallen 20% since the start of the year until the offer was made, had issued three profit warnings in less than a year, dogged by product delays and operational problems.”There are not yet clear signs of a near-term recovery in the current setup,” Siemens Energy Chief Executive Christian Bruch said, adding that Siemens Gamesa’s financial performance was “really creating the need for action.”The bid price represented a premium of 27.7% over the Spanish-listed stock’s last unaffected closing price on May 17, and a 7.8% premium to Friday’s closing price.Asked about the onshore turbine business which has caused particular headaches, Bruch told analysts on a conference call: “There is no reason why you cannot be successful in onshore business if you fix your operational issues.”European turbine makers have racked up losses in a fiercely competitive market as metals and logistics prices surged due to COVID-19, import duties and Russia’s invasion of Ukraine. read more “I don’t believe that the supply chain environment will get easier,” Bruch said, increasing the need to “push for operational excellence everywhere as fast as possible”.He said pooling suppliers would “leverage the double-digit billion procurement volume we have as a total group as best we can.”Working to produce hydrogen from wind power, a technology seen as a promising way to reduce planet-warming carbon emissions from industry, could also be more effective under the new setup, he said.($1 = 0.9431 euros)Register now for FREE unlimited access to Reuters.comRegisterReporting by Isla Binnie; Editing by Christian Schmollinger and Edmund BlairOur Standards: The Thomson Reuters Trust Principles. .

می 22, 2022

Siemens Energy launches $4.3 billion bid for remaining Siemens Gamesa stake

A model of a wind turbine with the Siemens Gamesa logo is displayed outside the annual general shareholders meeting in Zamudio, Spain, June 20, 2017. REUTERS/Vincent WestRegister now for FREE unlimited access to Reuters.comRegister

Siemens Energy bids 18.05 euros/share for 33% stake
Bid comes after operational problems at Siemens Gamesa
Deal could yield cost synergies of up to 300 mln eur

FRANKFURT, May 21 (Reuters) – Siemens Energy (ENR1n.DE) on Saturday launched a 4.05 billion euro ($4.28 billion) bid for the remaining shares in struggling wind turbine unit Siemens Gamesa (SGREN.MC), hoping to remove a complex ownership structure that has weighed on its shares.Siemens Energy said the 18.05 euros per share bid constitutes a premium of 27.7% over the last unaffected closing share price of Spanish-listed Siemens Gamesa of 14.13 euros on May 17. It is a 7.8% premium to Friday’s closing price.Siemens Energy has faced mounting shareholder pressure to seek control of Siemens Gamesa (SGRE), in which it owns 67%, a stake it inherited as part of a spin-off from former parent Siemens (SIEGn.DE).Register now for FREE unlimited access to Reuters.comRegisterThat stake has given Siemens Energy little influence to deal with product delays and operational problems at Siemens Gamesa. The group has issued three profit warnings in less than a year.”It is critical that the deteriorating situation at SGRE is being stopped as soon as possible, and the value-creating repositioning starts quickly,” said Joe Kaeser, Siemens Energy’s supervisory board chairman.This year, sources told Reuters that Siemens Energy was exploring options to acquire the remaining stake in Siemens Gamesa and a deal could materialise by summer. read more Siemens Energy said it plans to finance up to 2.5 billion euros of the transaction with equity or equity-like instruments, adding a first step could be a capital increase without subscription rights.The remainder would be financed with debt as well as cash on hand, Siemens Energy said, adding it aimed to delist Siemens Gamesa. Spanish stock market regulations allow that once ownership of 75% is reached.Full integration of Siemens Gamesa will simplify Siemens Energy’s structure and provide a more coherent business model that caters to legacy energy assets like coal, transition technologies such as gas, and renewable power sources.”This transaction comes at a time of major changes affecting global energy,” Siemens Energy Chief Executive Christian Bruch said. “Our conviction is that the current geopolitical developments will not lead to a setback to the energy transition.”Siemens Energy said the deal would lead to cost synergies of up to 300 million euros annually within three years of the full integration, mainly due to more favourable supply chain management, combined administration and joint R&D.The deal should close in the second half and is expected to achieve revenue synergies of a mid triple-digit million amount by 2030, the group said.($1 = 0.9470 euros)Register now for FREE unlimited access to Reuters.comRegisterReporting by Christoph Steitz and Ludwig Burger; Editing by Nick Zieminski, Daniel Wallis and David GregorioOur Standards: The Thomson Reuters Trust Principles. .

می 18, 2022

Stellantis to start reshuffle of dealer network next year

Stellantis logo and stock graph are seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/IllustrationRegister now for FREE unlimited access to Reuters.comRegisterVERONA, Italy, May 18 (Reuters) – Stellantis (STLA.MI) will start a reshuffle of its European dealers’ network next year from Austria, Belgium and the Netherlands, and its van and premium brands in all markets, its regional sales chief said on Wednesday.As part of its efforts to cut costs and finance its electrification strategy, the carmaker, formed through the merger of Fiat Chrysler and France’s PSA, has said it would end all current sales and services contracts with European dealers for its 14 brands, effective form June 2023. read more The plan is to move its distribution structure in Europe towards an “agency model”, where carmakers take more control of sales transactions and prices while dealers focus on handovers and servicing, no longer acting as the customer’s contractual partner.Register now for FREE unlimited access to Reuters.comRegister“We will start in June next year with all our van brands and with our premium brands – Alfa Romeo, DS and Lancia – in all markets, and on three pilot markets, Austria, Belgium and the Netherlands with all our brands,” Stellantis’ sales chief for ‘Enlarged Europe’ region Maria Grazia Davino said.She added the new distribution structure would be operational in all of Europe’s 10 largest markets by 2026.”We will anticipate all that we can, but this is our schedule at the moment,” she said during an “Automotive dealer day” event in Verona, northern Italy.Davino said core elements of the new contract Stellantis will propose to retailers are expected to be ready by this summer, while a final set up would be prepared by year-end.”Our direction is to envisage a 5% fee for our retailers on new cars sold, we’re working on this hypothesis,” she said. “We’re into a transition of course, then we’ll see”.She added that in the first stage of this process retailers would earn different fees for different brands, with some higher ones for premium brands. Retailers will also get a variable performance bonus based on sales targets, she said.Register now for FREE unlimited access to Reuters.comRegisterReporting by Giulio Piovaccari
Editing by Keith WeirOur Standards: The Thomson Reuters Trust Principles. .

می 12, 2022

Swedish Match top 10 investor says Philip Morris bid a ‘healthy premium’

Moist powder tobacco “snus” cans are seen on shelves at a Swedish Match store in Stockholm, Sweden October 24, 2018. Picture taken October 24, 2018. REUTERS/Anna Ringstrom/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterLONDON, May 12 (Reuters) – Philip Morris’ $16 billion offer for Stockholm-based Swedish Match (SWMA.ST) represents a “healthy premium” and the Marlboro maker could yet go higher, Swedish Match’s No. 10 shareholder GACMO Investors (GBL.N) said on Thursday.Marlboro maker Philip Morris agreed on Wednesday to buy Swedish Match, one of the world’s biggest makers of oral nicotine products. These include Snus – a sucked tobacco product the firm says is less harmful than smoking – as well as Zyn nicotine pouches, which are used the same way and tobacco-free.Kevin Dreyer, co-chief investment officer, value, at GAMCO identified Japan Tobacco Inc (2914.T) (JTI) as a possible rival bidder but said it would be hard-pressed to hijack the deal. GAMCO, formerly known as Gabelli Asset Management Company, owns just over 2% of Swedish Match, according to Refinitiv.Register now for FREE unlimited access to Reuters.comRegister“PMI has very deep pockets and will be a tough company to out-bid,” he said. “This deal is really the culmination of the last five-to-seven years of work Swedish Match has done in developing Zyn into the leading brand, and having that advantageous market share – it’s an attractive stock.”Philip Morris declined to comment. Swedish Match and JTI did not immediately respond to a request for comment.Philip Morris needs at least 90% of shareholders to approve the deal for it to succeed. Some other shareholders have questioned whether the Philip Morris offer represents good value. Swedish Match shareholder Bronte Capital said on Wednesday the price Philip Morris agreed to pay was “unacceptable”.Register now for FREE unlimited access to Reuters.comRegisterReporting by Richa Naidu; editing by David Evans and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles. .

می 6, 2022

Audi Formula One deal with McLaren becoming unlikely -source

An Audi logo is pictured during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel SchmidtRegister now for FREE unlimited access to Reuters.comRegisterHAMBURG, May 5 (Reuters) – An agreement for Volkswagen’s (VOWG_p.DE) premium brand Audi to join Formula One by investing in British luxury sports carmaker McLaren is becoming increasingly unlikely, a person familiar with the project told Reuters on Thursday.”The price expectations are too far apart,” the person said, adding that while the project had not yet failed, its prospects are now close to zero.Meanwhile, talks with Swiss-based Sauber, which runs the Ferrari-powered Alfa Romeo team, and Williams are continuing, the person said. Both Audi and Volkswagen declined to comment.Register now for FREE unlimited access to Reuters.comRegisterManager Magazin reported earlier on Thursday that talks with McLaren were close to failing after months of negotiations.Volkswagen has not previously been involved in Formula One but has worked with Red Bull, notably in the world rally championship.On Monday, VW Chief Executive Herbert Diess said that its Audi and Porsche brands would join Formula One, after convincing the German automaking group that the move would bring in more money than it would cost. read more A source had told Reuters in March that Audi was ready to offer around 500 million euros ($556.3 million) for McLaren as a means to enter.Williams and Aston Martin, both currently powered by Mercedes engines, have said they would be interested in future ties with Audi.”I think for any team who has not a manufacturer on his side, it’s super appealing to have this possibility,” Aston Martin team boss Mike Krack told reporters at last month’s Emilia Romagna Grand Prix.Williams team principal Jost Capito is a previous head of Volkswagen Motorsport.Register now for FREE unlimited access to Reuters.comRegisterReporting by Jan Schwartz/Alan Baldwin in London; Writing by Maria Sheahan, editing by Kirsti Knolle and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles. .