FRANKFURT (dpa-AFX) - A report of a breakthrough in talks on state aid gave new impetus to Siemens Energy 's recovery on Monday. The share price recently rose by up to seven percent. Previously, the "Handelsblatt" had reported that an agreement on state guarantees for the ailing energy technology group had already been reached in the course of the week thanks to the participation of the former parent company Siemens. The share price briefly reached the 10 euro mark for the first time since the end of October.

Siemens shares, however, lost ground. Most recently, they were still up 0.11 percent at 130.94 euros.

The agreement is to be announced on Wednesday when the DAX-listed energy technology group presents its balance sheet, the newspaper reported from financial and negotiating circles.

Serious problems at the wind power subsidiary Gamesa had recently weighed heavily on Siemens Energy. From the May high of 24.81 euros, the shares had lost three quarters of their value in the extreme - initially due to a withdrawn annual forecast and later due to the company's confirmed negotiations with the federal government regarding guarantees worth billions, which are now apparently becoming more concrete./tih/mis