MADRID (Reuters) – Spanish stock market regulator CNMV on Monday authorised Siemens Energy’s 4.05 billion euro ($4 billion) bid on the shares in its Spanish unit Siemens Gamesa it does not own.
Siemens Energy announced in May a plan to buy the remaining third of Siemens Gamesa it does not own.
According to a timeline released by Siemens Energy a few months ago, the company had expected to launch the bid in September.
($1 = 1.0032 euros)
(Reporting by Inti Landauro, Editing by Louise Heavens)
