# Silovye Mashiny to sell its 35% stake in Siemens gas turbine JV

Silovye Mashiny (Power Machines) plans to sell its 35% stake in the joint venture Siemens Technologies Gas Turbines (STGT) to Siemens, as per an option agreement. The price is yet to be determined, estimated at $5-6 million.

- Type: Acquisition
- Announced: 2019-12-30
- Where: Russia
- Value: $6.00M
- Status: announced
- Products: gas turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Silovye Mashiny](https://endata.com/companies/4262.md)
- [Siemens](https://endata.com/companies/301.md) (acquirer)

## Sources

- [ria.ru](https://ria.ru/20200302/1566821483.html), 2019-12-30: "Переговоры начались в середине января."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.