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Suzlon bid for REpower approved
Suzlon bid for REpower approved
News of 03-03-2007
Suzlon Energy, the world’s fifth-largest wind turbine maker, has received the approval from BaFin, the financial markets regulator in Germany, for its $1.35 billion offer to buy out Portugal-based REpower Systems. Suzlon’s all-cash offer for REpower valued the German firm at 1.02 billion euro, or 126 euros per share, which was about 20% higher than the offer by France’s state-owned nuclear group Areva made on February 5.
From The Economic Times
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