News: Suzlon holds 30.92% in REpower

(RTR 14/05/2007) Mumbai - Suzlon Energy Ltd. said it and its partners hold 30.92 per cent in takeover target REpower, slightly larger than French rival Areva's stake in the German wind turbine maker.

On Friday, nuclear energy group Areva said it held 30.16 per cent in REpower. An extended takeover offer period runs until May 25.

Suzlon has offered 150 euros per share, valuing REpower at around 1.2 billion euros ($1.6 billion) while Areva has offered 140 euros per share.

A Suzlon spokesman said on Monday the German regulator had given REpower shareholders until May 25 to accept the offer.

Suzlon has teamed up with Martifer, a unit of Portugal's largest builder Mota Engil, to bid for REpower.