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Siemens will suffer without €15bn guarantees, Deka warns

Richard Heap
November 2, 2023

Siemens Energy faces turbine order cancellations if it can't secure €15bn of state guarantees in Germany, shareholder Deka Investment has warned.

Deka owns around 0.5% of shares in Siemens Energy and said the company's order book "could be negatively affected without guarantees". It argued "orders could be held back or cancelled" unless a deal can be struck between Siemens Energy, banks and the German government.

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