Siemens Energy will present a deal for billions of euros in project-related guarantees backed by the German government when it releases annual results on Wednesday, three sources familiar with the matter told Reuters.
The company in October disclosed talks with the German government, banks and former parent Siemens AG over what sources said were 15 billion euros ($16 billion) in guarantees for project and warranty bonds needed to safeguard the firm’s 109 billion euro order book.
