Suzlon Energy, has lined up the funds required to increase its stake in the German wind power equipment manufacturer REpower Systems AG. The wind major will be acquiring the combined 53 per cent stake held by two other shareholders- French energy major Areva and Martifer, a Portugal-based real estate business group. While the exact price at which the shares will be bought out is not known, Tanti indicated that it would be close to €150, the price at which Suzlon had picked up a 34 per cent stake in RePower in May 2007.
Wednesday, May 21, 2008
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