Siemens Energy takes away his shares in the maintenance company RWG to his joint venture partner John Wood Group.
As John Wood Group announced, she has made his agreement on the sale of a share of 50 percent in RWG to Siemens Energy. The price is $ 135 million in cash.
The sale is to be completed at the end of 2025 or early 2026. John Wood wants to use the revenue for debt reduction. RWG offers repair and maintenance services for industrial gas turbines.
The Siemens Energy share temporarily loses 0.99 percent to 96.20 euros via Xetra.
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