Bid for Siemens Gamesa could launch before September – Siemens Energy CEO

div classBodysc17zpet90 cdBBJodivpFRANKFURT Reuters – Siemens Energy could launch its planned 4.05 billioneuro 4.34 billion bid for minorities in Siemens Gamesa sooner than September, its chief executive said, cautioning that the decision was up to Spanish regulators.p

p“We have an interest to do this as fast as possible,” Christian Bruch told analysts during the groups capital markets day, adding the sooner a deal could be done, the faster operational problems at Siemens Gamesa could be fixed.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pUnder a tentative timeline, the bid, which was announced on Saturday, would launch in midSeptember before an extraordinary general meeting rubberstamps it in November.p

p“It could get faster … but were obviously not alone in control of the timescale,” Bruch said.p

p1 0.9336 eurosp

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pp Reporting by Christoph Steitz, Editing by Miranda Murrayp

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