May 18, 2021, by Adrijana Buljan
Spain’s National Securities Market Commission (La Comisión Nacional del Mercado de Valores; CNMV) suspended the trading of Siemens Gamesa’s shares on 18 May.
The Spanish stock market regulator cites “the occurrence of circumstances that may disturb the normal development of operations” on the shares as the reason for the trading suspension.
According to Reuters, the halt came after the local newspaper Expansion reported that Siemens AG, through Siemens Gamesa’s main shareholder Siemens Energy, had hired Morgan Stanley and Deutsche Bank to carry out a strategic review of the wind turbine manufacturer, including options for a possible takeover and de-listing.