Siemens Energy taps Goldman Sachs for steam turbine stake sale - Bloomberg (SMEGF:OTCMKTS)
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8 Articles
Siemens Energy is working with Goldman Sachs on a sale of a majority stake in its steam turbine business. First details of the possible billion deal are now known.
Siemens Energy taps Goldman Sachs for steam turbine stake sale - Bloomberg (SMEGF:OTCMKTS)
Siemens Energy is working with Goldman Sachs as it starts fielding offers for a majority stake in its steam turbine business, which could be valued at more than €10B, Bloomberg reported.
Siemens Energy Taps Goldman Sachs for Steam Turbine Stake Sale
CVC Capital Partners and EQT AB are among the large buyout firms considering potential bids for a majority stake in Siemens Energy AG’s steam turbines business, according to people familiar with the matter.
Siemens Energy has launched the process to search for a buyer for a majority stake in its steam turbine business, an operation that could value the division by more than 10 billion euros. Among the large venture capital funds that are considering submitting an offer are CVC Capital Partners, EQT, Bain Capital, Brookfield and KKR, according to people familiar with the process. The German company is working with Goldman Sachs to prepare the operat…
Siemens Energy is testing the sale of a billion-dollar segment and is bringing Goldman Sachs on board. Why the stock's speculation is already giving a tailwind.
Siemens Energy's Steam Turbine Auction Draws a Crowd of Buyers as AI Power Demand Reshapes the Math
The sale process for Siemens Energy’s steam turbine division is crystallizing into a competitive auction, with a consortium of the world’s largest infrastructure investors circling a business that could now command a price tag north of €10 billion — a figure that has climbed sharply as artificial intelligence’s electricity appetite redraws the sector’s growth outlook. […] The post Siemens Energy’s Steam Turbine Auction Draws a Crowd of Buyers as…
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