Siemens reduces its stake in Siemens Energy. As the technology group announced on Wednesday evening in Munich, 6.8 percent of the shares will be transferred to Siemens Pension-Trust e.V. Siemens’ consolidated stake in Siemens Energy will thus fall from 31.9 to 25.1 percent. Siemens is thus implementing its announcement of reducing its stake in Siemens Energy. With the transfer to the Siemens Pension Trust, Siemens is strengthening its pension assets in Germany.

On Friday last week, Siemens Energy shares fell by more than a third. The reason for this were renewed difficulties at the wind power subsidiary Siemens Gamesa. Quality problems with wind turbines that have already been installed will probably cost more than one billion euros over the next few years. Siemens Energy boss Christian Bruch had withdrawn the earnings target, which had only been reduced in May, and which already provided for a loss of hundreds of millions for the current year.

According to its own statements, Siemens had already pointed out before the spin-off and also when Siemens Energy was listed on the stock exchange that it would reduce its stake in Siemens Energy “depending on strategic and operational development and the market environment”. On the Tradegate trading platform, the shares of Siemens and Siemens Energy initially reacted cautiously to the news on Wednesday evening. Both titles increased slightly.