German Government Grants Siemens Energy EUR7.5 Billion Loan Guaranteethedigitalchaps

The German government has decided to grant Siemens Energy a 7.5 billion-euro ($8.02 billion) guarantee as part of guarantee lines totaling EUR15 billion to strengthen the company’s balance sheet and secure its long-term projects.

“In the past few weeks, the Federal Government has been in intensive contact with Siemens Energy, Siemens […] and private banks,” the government said Tuesday. “The federal government’s prerequisite was that all stakeholders participate appropriately in securing the company.”