Siemens Energy faces hurdles selling turbine business in Russia

Siemens Energy's attempt to sell its Russian turbine business, including subsidiaries SGTT and Siemens Energetika, to Inter RAO is complicated by a Russian decree banning sale of shares in strategic companies. The deal may be frozen.

“Siemens Energy might not be able to sell its turbine business to Russian company Inter RAO as its local subsidiaries, Siemens Gas Turbine Technologies (SGTT) and Siemens Energetika, fall under a recent law banning sale of shares to investors from unfriendly countries.”sputnikglobe.com

• 1 source
• sputnikglobe.comSiemens Energy Has Trouble Selling Off Turbine Business in Russia, Reports Say - 26.08.2022, Sputnik InternationalAug 26, 2022

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