Suzlon Energy Ltd., with U.S. headquarters in Chicago, has acquired Areva's total stake of approximately 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.
‘This is an important step forward, clearly demonstrating our unchanged long-term commitment towards REpower,’ says Tulsi Tanti, chairman and managing director of Suzlon.
SOURCE: Suzlon Energy Ltd.