Suzlon to acquire up to 100% shares in German co

New Delhi, Feb 9 (UNI) Suzlon Energy Ltd today said it plans to acquire up to 100 per cent shareholding of Germany-based wind turbine generators maker REpower Systems AG.

The company has received the approval for the proposal from its board of directors, it said in a statement.

The shares in REpower will be acquired through a voluntary public tender offer through overseas subsidiary companies or overseas step-down subsidiary companies, jointly with Portugal's Martifer SGPS, SA.

The acquisition would be subject to approval by the German Stock Market Regulator (BaFin) and respective competent competition authorities, the statement added.

UNI