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| Name | Symbol | Market | Type |
|---|---|---|---|
| Siemens Gamesa Renewable Energy (PK) | USOTC:GCTAY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.75 | 3.64 | 3.77 | 0.00 | 01:00:00 |
From Jul 2019 to Jul 2024
--Iberdrola Chief Executive Ignacio Galan has asked his Siemens counterpart, Joe Kaeser, to make changes to Siemens Gamesa's management, which it sees as being too closely linked to the German company, reports Expansion, citing unnamed sources.
--Mr. Galan wants an independent manager to head Siemens Gamesa--the current CEO comes from Siemens, Expansion says. He also wants the current chairwoman, who is CEO of Siemens Spain, to be replaced by someone independent.
--The two executives held a meeting on Thursday to ease tensions between the two companies over differences concerning the wind-turbine maker. Siemens is the majority shareholder with a 59% stake, while Iberdrola holds 8%.
Full story in Spanish: https://bit.ly/2GSO7JF
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
April 05, 2018 01:44 ET (05:44 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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