Spanish regulator CNMV has lifted a precautionary ban on Siemens Gamesa share trading, following a letter from Siemens Energy that stated it does not plan to launch a takeover bid for the turbine maker.
CNMV had earlier suspended activity in relation to media reports that Siemens Energy was seeking “strategic alternatives” and had hired investment banks Morgan Stanley and Deutsche Bank to analyse options.
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In a statement, Siemens Energy said it undertakes a strategic portfolio review on a regular basis, though is “currently not working on a takeover bid” in relation to Siemens Gamesa.
Siemens Energy has also refuted it hired the banks in that respect in its letter to the regulator.
The information was reported in Spanish publication Expansion.