News: Suzlon ups REpower offer to 150 euros/share

(RTR 10/04/2007) Mumbai - Suzlon Energy Ltd. said on Tuesday it had raised its takeover offer for REpower Systems AG to 150 euros a share after its subsidiariy bought 7.7 per cent in the German firm at that price.

Last month, French nuclear reactor maker Areva raised its offer for the German wind turbine maker to 140 euros a share, topping Suzlon's earlier bid of 126 euros a share.