Bilbao (EFE).- The Extraordinary Shareholders’ Meeting of Siemens Gamesa has approved its IPO, which has put an end to 22 years of listing for Basque wind power, which began its journey on the market in October 2000.
The delisting of the company’s shares was already planned after the takeover bid (OPA) launched by Siemens Energy.
Siemens controls 77%
During the acceptance period, which ended on December 13, the takeover bid was accepted by 77.88% of the minority shareholders of Siemens Gamesa.
Parent company Siemens Energy already controls more than 90 percent of Gamesa’s titles and aspires to reach 100 percent, so there were no surprises at today’s Meeting.
Board Reduction
During the Shareholders’ Meeting, the bylaws of Siemens Gamesa have also been modified to adapt them to the regulations applicable to a non-listed company.
In this sense, the number of members of the Board of Directors has been reduced from 10 to 3.
The president Christian Bruch, the CEO Jochen Eickholt, and Anton Steiger remain as proprietary non-executive directors. EFE
