# 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.

- Type: Acquisition
- Announced: 2022-08-26
- Where: Russia
- Status: announced
- Products: gas turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Siemens Energy](https://endata.com/companies/6803.md)
- [Power Machines](https://endata.com/companies/15083.md) (partner)
- [Inter RAO](https://endata.com/companies/19600.md) (acquirer)
- [Siemens Gas Turbine Technologies](https://endata.com/companies/25275.md) (target)
- [Siemens Energetika](https://endata.com/companies/64953.md) (target)

## Sources

- [sputnikglobe.com](https://sputnikglobe.com/20220826/siemens-energy-has-trouble-selling-off-turbine-business-in-russia-reports-say-1100021056.html), 2022-08-26: "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."

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