Areva's revised bid for REpower 33.3 per cent is higher than Suzlon's
16 Mar 2007
New Delhi: French company Areva has put in a counterbid of 140 euro per share to acquire Germany's third-largest wind power company, REpower Systems AG. Areva's bid is 11.1 pc more than the Suzlon Energy-Martifer's offer of 126 euros per share.
Suzlon Energy, India's largest producer of wind turbines recently got approval of German regulator for its bid for REpower Systems. Suzlon had offered 1.2 billion euros ($1.33 billion) to acquire REpower Systems.
The French company had earlier offered to buy the remaining stake in REpower at 105 euros per share, and its revised offer is 33.3 pc higher than the first bid.
The French company had earlier made an offer to buy the remaining stake in REpower at 105 euros per share. Its revised offer is 33.3 pc higher than the previous one.
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