Suzlon Energy bid for acquisition of REpower Systems AG, Germany concludes

Suzlon Energy Ltd has announced that on February 09, 2007, the Company through its step-down subsidiary had announced its intention to make an offer to acquire the entire outstanding equity share capital of REpower Systems AG, Germany ("REpower") through a voluntary public tender offer subject to necessary approvals of German Stock Market Regulator (BaFin) and other respective competent competition authorities.

At the end of the said offer, which lasted till May 25, 2007, the Company, through its step-down subsidiaries, holds 33.85% of the REpower's capital.

By this 33.85% and through Voting-Pool-Agreements with other two REpower shareholders, Martifer and Areva, the Company now controls 87.10% of the votes in REpower.

Source : Equity Bulls

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