BERLIN: The German government is in talks with Siemens Energy about state guarantees, the company said on Thursday, after major setbacks at the group stemming from its wind division, which has booked billions in losses amid quality issues.
A spokesperson for the German economy ministry also confirmed the talks, describing them as “close and trustworthy”.
Siemens Energy shares slid to all-time lows on the news, down more than 30% at 0912 GMT.
