Senvion IPO pulled as interest in wind energy dips

The US owners of Senvion are dropping plans for what would have been Europe’s biggest initial public offering this year, as their German wind-turbine-maker faces market turmoil.

Centerbridge Partners had intended to raise €703mn, by listing its main, Senvion subsidiary in Frankfurt.

Senvion’s IPO would have surpassed Metro Bank ‘s March listing, in London, which raised $570m (€513.3m).