Suzlon enhances stake in REpower
Suzlon Energy Limited, the world’s fifth leading wind turbine maker with 10.5% of global marketshare, announced the acquisition of Areva’s total stake of approx 30% in REpower Systems AG of Germany.
This acquisition consolidates Suzlon’s total holding in REpower to approximately 66%. Suzlon also enjoys voting rights of approximately 89% through its voting pool agreement with Martifer of Portugal, the other major shareholder in REpower subject to certain minority protection and other rights.
Speaking on the development, Mr. Tulsi Tanti – Chairman and Managing Director – Suzlon Energy Limited, stated: “This is an important step forward clearly demonstrating our unchanged long-term commitment towards the REpower.”
Sourced From: Adfactors Public Relations Pvt Ltd
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