Suzlon Falls After Disclosing Plans To Buy Out REpower


Suzlon Energy Ltd. suffered losses in Mumbai after announcing plans to buy the remainder of its German unit REpower Systems AG, Bloomberg Businessweek reports.

The India-based turbine manufacturer, which has had four straight quarters of losses, dropped 1.2% to close at 49.1 rupees for its first decline since March 28. Suzlon said it plans to buy out minority shareholders in REpower Systems and may sell its stake in Hansen Transmissions International NV to fund the purchase.

SOURCE: Bloomberg Businessweek

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