shares in spanish windturbine maker siemens gamesa renewable energy sa traded sharply higher monday after its parent company made an offer to take it private germanys siemens energy ag said late saturday that it has proposed to buy all the outstanding shares in siemens gamesa it doesnt already own for eur1805 a share at 0906 gmt monday shares in siemens gamesa traded 65 higher at eur1783 siemens energy already holds 67 of siemens gamesa and would pay a total of about 406 billion euros 429 billion for the shares it doesnt already own in the company valuing it at eur1229 billion siemens energy said it intends to fully integrate the renewables company the move comes after a series of profit warnings at its subsidiary which has struggled with production issues related to its 5x onshore wind turbine platform the market had been widely expecting this development jefferies analysts said in a reasearch note adding that the decision should be regarded as a mid to longterm positive by siemens energy investors wind is an important pillar in siemens energys strategy given the attractive growth potential especially in offshore where siemens gamesa has a leading position and strong environmental social and governance rationale jefferies said the offer price represents a roughly 28 premium compared with siemens gamesa shares closing price of eur1413 on may 17 the day before its parent first said it was considering making an offer write to cristina roca at cristinarocawsjcom and cecilia butini at ceciliabutiniwsjcom