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Siemens Gamesa Renewable Energy SA’s shares have been suspended from trading on Tuesday until Spanish stock exchanges proceed to the planned delisting, according to a filing to stock market regulator CNMV published late on Tuesday.
The wind-turbine maker
SGRE,
ended its last day of trading at 18.05 euros ($19.8), the same price offered by parent Siemens Energy AG for the takeover. The delisting is set to take place when all transactions have been settled, according to the filing.
The German company
ENR,
last year launched a tender offer to acquire all the shares it didn’t already own in its troubled wind unit, representing 7.28% of the share capital. As of Tuesday, Siemens Energy acquired 5.07% of Siemens Gamesa’s share capital, which will make it reach a total of 97.79%.
Write to Giulia Petroni at giulia.petroni@wsj.com
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