Siemens Energy AG announces a voluntary cash tender offer for all outstanding shares in Siemens Gamesa Renewable Energy, S.A.

On May 21, 2022, Siemens Energy AG (“Siemens Energy”) announced a voluntary cash tender offer to acquire all outstanding shares in Siemens Gamesa Renewable Energy, S.A. (“SGRE”), i.e., approx. 32.9 percent of SGRE’s share capital, which it does not already own. SGRE’s minority shareholders will be offered € 18.05 per share in cash. Following a successful closing of the transaction, Siemens Energy intends to pursue a delisting of SGRE from the Spanish stock exchanges, where it currently trades as a member of the IBEX 35 index.