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FRANKFURT (Reuters) -Siemens Energy is preparing a bid to buy the third of struggling wind turbine maker Siemens Gamesa it does not already own, two people familiar with the matter said.
The stake is currently worth 3.14 billion euros ($3.31 billion).
Frankfurt-listed shares in Spanish-listed Siemens Gamesa were indicated to open 14% higher in pre-market trade.
Spokespeople for Siemens Energy and Siemens Gamesa declined to comment on the news, which was first reported by Bloomberg.
Sources told Reuters earlier this year that Siemens Energy was looking at options for how to best acquire the remaining stake, adding a deal could materialise by summer.
Siemens Gamesa in April launched a restructuring plan to address supply chain problems, delays in key projects and cost inflation that have been hurting its results and have prompted three profit-warnings in less than a year.
The company is trying to raise wind turbine prices to cope with higher raw materials costs and resolve the internal manufacturing issues with a product, the 5.X onshore wind turbine plaform, by the end of the year.
Wind turbine makers are struggling to protect margins as component prices soar, even though there is strong global demand for renewable energy capacity to stem planet-warming carbon emissions.
($1 = 0.9497 euros)
Reporting by Christoph Steitz and Andres Gonzalez, Editing by Miranda Murray and Bradley Perrett
