EnergyWatch

Siemens Energy denies delisting of Siemens Gamesa, for now

After a temporary halt in stock trading, the turbine maker's majority shareholder denies rumors of it hiring banks to make acquisition bids for the remaining share capital.

Photo: RALPH ORLOWSKI/REUTERS / X00960

Twice in the past six months Spanish newspaper Expansión has written that Siemens Gamesa was headed for new ownership. Most recently on Tuesday, when the media reported that the wind OEM's major shareholder Siemens Energy had hired Morgan Stanley and Deutsche Bank to examine the option of acquiring the remaining 33 percent of the turbine maker's share capital. Twice Siemens Energy has denied this to be the case.

Most recently after Spanish stock exchange authority Comisión Nacional del Mercado de Valores (CNMV) on Wednesday suspended trading of Siemens Gamesa shares "due to circumstances that could disturb the orderly course of transactions on such instruments". The suspension was lifted in the afternoon, after Siemens Energy had issued a denial of the rumors published by the Spanish newspaper.

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