Finance / India
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Suzlon Energy Increases Repower Stake
September 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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India's Suzlon Energy has entered into an agreement with Martifer to purchase its stake in wind energy company REpower Systems. The acquisition of Martifer's 22.48% stake in Germany's REpower will take Suzlon's interest in the company to about 90%. This latest acquisition, announced on September 1, follows Suzlon's June acquisition of a 30% stake in the company from France's Areva.