Siemens sells more Easun Reyrolle stake

1600 Investors following Easun Reyrl. Share this News with them.

0

Like this story, share it with millions of investors on M3

Siemens sells more Easun Reyrolle stake

After selling a 12% stake in during September to December last year, Siemens has sold another 2.5% stake in Easun Reyrolle reports CNBC-TV18.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See latest News about Easun Reyrl See previous management interviews See what other Experts & Brokerages are saying about Easun Reyrl Nifty BSE | NSE 29/05/12 Are Mutual Funds betting on Nifty? Other Stocks in this news Siemens |

After selling a 12% stake during September to December last year, Siemens has sold another 2.5% stake in Easun Reyrolle , reports CNBC-TV18. 

The market has been anticipating that Siemens would exit the company after Easun rejected its 20% open offer.

Siemens had acquired stake via global acquisition of Austria's VA Tech Hydro and have offered to buy another 20% through open offer. The open offer got rejected as the board refused to grant NOC, stating that direct competition in same business line will be threat.

However the analysts think that Siemens may sell its stake over a period of time.

For more watch video...