Shares in Siemens Energy plunged almost 25 per cent after the group said it was in talks with banks and the German government over strengthening its balance sheet.
The Dax-listed group’s shares fell €2.59 to €8 in early trading on Thursday as it confirmed reports in the German press.
In an announcement to the stock exchange, the company said it was “evaluating various measures to strengthen the balance sheet of Siemens Energy and is in preliminary talks with different stakeholders, including banking partners and the German government, to ensure access to an increasing volume of guarantees necessary to facilitate the anticipated strong growth”.
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