Latest News

Siemens Energy gets state-backed 15-bn-euro rescue package
Siemens Energy gets state-backed 15-bn-euro rescue package
Economy
by  AFP

Siemens Energy will receive a 15-billion-euro ($16.3-billion), state-backed rescue package, Berlin said Tuesday, as the German group struggles to overcome a crisis in its wind power unit. They are part of a 15-billion-euro package agreed with other stakeholders, including private banks and the larger Siemens conglomerate, which is a major shareholder in Siemens Energy.