TPG RE Finance Trust, Inc. Closes $1.1 Billion Commercial Real Estate CLO

BusinesswireMar 31 07:00 ET

Transdigm, PE Funds Among Final Bidders for Boeing's Jeppesen Unit - Reuters

Seeking AlphaMar 28 14:10 ET

Siemens Gamesa: Financial Details Won't Be Disclosed

Dow JonesMar 26 03:42 ET

Siemens Gamesa Will Retain 10% Stake in Business

Dow JonesMar 26 03:41 ET

Siemens Gamesa to Sell Majority Stake of Indian Wind Business to TPG-Led Consortium

Dow JonesMar 26 03:38 ET

Siemens Energy supports Business transformation with long-term technology licensing agreements.

Siemens Energy announced on Wednesday that it will sell 90% of its wind energy Business in India and Sri Lanka to a consortium led by a climate investment Fund under TPG Group, aiming to focus on core markets. The transaction amount has not been disclosed. According to the agreement, Siemens Energy will transfer approximately 1,000 employees and two production bases in India to the new entity, while about 1,200 local employees will not be involved in this transaction. Although Siemens Gamesa, its wind power division, holds a 30% market share in India, it has previously indicated that it is considering a Global Strategy adjustment due to fierce market competition. "The new company will serve the Indian market more efficiently and provide long-term development for employees and customers."

Global Market ReportMar 26 03:34 ET