Germany OKs Suzlon offer for Repower

5 March 2007 - Wind turbine maker Suzlon Energy has said that German financial watchdog BaFin has approved its $1.3 bn offer to buy REpower Systems.

Suzlon, the world's fifth-largest wind turbine maker, last month teamed up with Portugal's largest builder, Mota Engil, to launch a bid for the German wind power manufacturer, outbidding France's Areva.

Suzlon's tender offer for REpower valued the German firm at €1.02 bn, or €126 per share, which was about 20 per cent higher than the offer by France's Areva last month. Areva holds 29.4 percent of REpower.

The purchase will be partly financed by raising long-term and short-term debt arranged by a consortium of banks led by ABN AMRO, Suzlon said at the time of bidding. REpower shareholders can tender their shares from Friday, Suzlon said.

Sponsored by FLSmidth
Font Sizes:
Recommend this article Recommend this article () You recommended this article You recommended this article ()
Follow Power Engineering on Twitter

Headline News

Latest News

Shutterstock coal production trucks

Weekly Coal Production

The Weekly Coal Production shows how much coal is being produced across the U.S.
Federal Reserve Bank of Dallas Weekly Economic Indicators financial business

The Federal Reserve Bank of Dallas' Economic Indicators

The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestical...

Kvaerner awarded contract for gas-fired power plant in Delaware

Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff...

Canadian Solar purchases two solar projects

Canadian Solar Inc. has acquired a majority interest in two utility-scale solar power project...

Operators Restart Unit 2 at PPL Susquehanna

Unit 2 at the PPL Susquehanna nuclear power plant near Berwick, Pa. resumed generating electr...

Settlement agreement limits cost recovery at Edwardsport

The Indiana Utility Regulatory Commission (IURC) on Dec. 27 modified and approved a settlemen...

Toshiba in talks to sell portion of Westinghouse nuclear unit

Toshiba Corp is in talks  to sell up to 16% of its stake in the Westinghouse Electric Co...

Utah nixes nuclear waste storage facility

Plans to park radioactive waste at a storage facility in Utah have been officially called off.

More Power Generation News >>

Current Magazine Issue

05/01/2013
Volume 117, Issue 5
1305pe-cover
View This Issue
View Archives

Webcasts

More Webcasts >>

Editors Picks

Watch POWER-GEN 2012

Featured Whitepaper

More Whitepapers >>

Power Engineering

Article Archives for Power Engineering Magazine

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.