Gamesa shareholders approve merger with Siemens
Zamudio
Zamudio - Arab Today
Shareholders of Spanish renewable energy group Gamesa on Tuesday approved a merger with the wind power division of German engineering giant Siemens.
This tie-up "will create one of the world's main companies in the sector," with a turnover of around 10 billion euros ($10.9 billion), said Gamesa president Ignacio Martin during the special general assembly at its headquarters in Zamudio in northern Spain.
Gamesa will have a 41 percent stake in the merged entity with Siemens holding a majority 59 percent share.
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to 'eternal style' of late Alaia
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Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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All rights reserved to Arab Today Media Group 2025 ©
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