(News Bulletin 247) – UBS reiterates its advice to buy on the stock with a target of 25 E after the launch of a capital increase in cash by accelerated construction of an order book.

The offer amounts to 1.259 billion euros or 72.7 million shares (representing approximately 10% of the share capital). The new shares are expected to be traded from March 23, 2023,” UBS points out.

The shares were placed at a placement price of €17.32 per share.

“The successful placement of new shares is an important step in the refinancing of our cash tender offer for Siemens Gamesa and supports our strong investment grade credit rating,” said Maria Ferraro, Chief Financial Officer of Siemens Energy.

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