Shanghai Electric and Siemens (SI) plan to invest €169M ($226M) in two wind energy joint...

|About: Siemens AG (SIEGY)|By:, SA News Editor

Shanghai Electric and Siemens (SI) plan to invest €169M ($226M) in two wind energy joint ventures in deals that will allow technology from Siemens to help design wind turbines and sell wind equipment. Shanghair Electric will be a 51% owner of each company under the terms of the agreements. Shares of Shanghai Electric are down 2.6% in HK trading, Siemens +3.1% premarket.