Citing recent market volatility, Senvion and its shareholders, Centerbridge and Arpwood, have decided not to pursue a private placement and listing of shares.
Earlier this year, the German wind turbine manufacturer said it was planning a listing of its shares on the regulated market segment (Prime Standard) of the Frankfurt Stock Exchange. The company recently announced a planned price range of EUR 20.00 to EUR 23.50 per share.
Because the offering is secondary in nature, Senvion says, the decision does not affect the company’s growth strategy, which is focused on expanding into new markets: Last month, for instance, the company entered the Indian market by establishing a new subsidiary in Delhi.
