Siemens Energy plummets more than 30% on the stock market due to the impact

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We don't have a final result today, but I can already announce that the outcome of the current review will be much worse than even I would have thought possible," he predicted. recovery, longer than expected In this sense, he acknowledged that, although on previous occasions he had highlighted that there is nothing at Siemens Gamesa that he has not also witnessed in other places, "now I would say that I would not repeat this today," he said. On the other hand, he stated that the acquisition of Siemens Gamesa cannot be classified as a "mistake", since renewables is "a very promising business." "But we also believe we need to address these issues in a more consistent and effective way," he said.

What he did question was the governance structure that existed between Siemens Energy and Siemens Gamesa as an independent company, which, in his opinion, "was not effective enough." A fusion that is difficult to digest “Today is Russia Mobile Number List not the time to draw preliminary or premature conclusions, but we need to think about decisive cultural problems. I am not talking about different nations, but about the way in which problems are faced, the speed and agility with which these problems are addressed. are treated, and transparency. The merger between Gamesa and Siemens' wind business was closed in 2017. Since then, problems have been arising for Siemens Gamesa, which has come to chain several 'profit warnings' in recent years.



In fact, at the end of the year Siemens Energy carried out a takeover bid for Gamesa, which became effective last February and concluded with the listing of the Spanish group after 22 years in the markets.Kenya's president has called for the creation of a global green bank separate from the World Bank and the IMF, warning that traditional multilateral lenders were "hostages" to rich world interests and could not solve the climate crisis. William Ruto, who was elected less than a year ago, told the Financial Times that the new non-aligned bank could help close a trillion-dollar deficit needed to stop global warming. “We are in a crisis situation,” he said. He was speaking as world leaders met in Paris to discuss reforming the global financial system, including the World Bank and IMF, to free up cash to tackle climate change and ease the debt burden of developing countries.