Suzlon Energy Ltd has informed that the Company has signed a Share Purchase Agreement with Areva for acquisition of Arevas total stake of approximately 30% in REpower Systems AG, Germany (REpower). This acquisition shall consolidate the Companys total holding in REpower to approximately 66%.
With this acquisition and through voting pooling agreement with Martifer of Portugal, another major shareholder of REpower, the Company enjoys voting rights of approximately 89% in REpower subject to certain minority protection and other rights.
With this acquisition and through voting pooling agreement with Martifer of Portugal, another major shareholder of REpower, the Company enjoys voting rights of approximately 89% in REpower subject to certain minority protection and other rights.
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