Siemens Energy Taps Goldman Sachs for Steam Turbine Unit Sale

By EC Assets · Published 25 August 2026

Siemens Energy has reportedly engaged Goldman Sachs to assist with a potential sale. The German energy company is preparing to sell a majority stake in its steam turbine business. Siemens Energy has appointed the U.S. bank Goldman Sachs to provide support for this process. The company plans to begin soliciting bids for the steam turbine business. This move advances Siemens Energy's preparations for a possible sale of the unit. Shares of Siemens Energy climbed following news of the Goldman Sachs hiring and the potential stake sale. This article is intended for informational purposes only. It does not constitute investment advice.