Siemens of Germany and Gamesa of Spain come together to form world’s biggest wind power company

Q.  Siemens will join hands with which company to form the world’s biggest wind power company?
- Published on 20 Jun 16

a. Gamesa
b. Singtel
c. TATA
d. Birla

ANSWER: Gamesa
 
Siemens of German and Gamesa of Spain have decided to come together to form the world’s biggest wind power company
  • As part of the agreement initialled, the wind power business of Siemens including wind services will be merged with Gamesa
  • Siemens will receive newly issued shares of the combined company and hold 59 percent of the share capital
  • Existing shareholders of Gamesa will hold 41 percent

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