Suzlon veut acheter REpower Systems en mettant une meilleure offre qu'Areva sur la table

Source : Economic Times
Domestic wind energy major Suzlon Energy has placed a 126 euro per share bid to acquire German wind turbine manufacturer RE Power Systems, company sources said here on Friday.

The company will acquire Germany-based REpower Systems, engaged in the business of development and supply of wind turbine generators, jointly with PorMartifer SGPS of Portugal.

French company Areva has already made a 105 euro per share bid for acquiring the company, Suzlon Energy sources added.

Suzlon in a regulatory filing to the BSE said the board of company has approved of the acquisition in the foreign firm by a voluntary public tender offer through its overseas subsidiaries in concert with the Portugese firm.

The acquisition would be subject to certain conditions precedent as may be stipulated in the voluntary public tender offer, which would be approved by the German Stock Market Regulator (BaFin) and respective competent competition authorities, it added.

The board also approved the conclusion of a takeover, shareholders agreement among one or more of its overseas subsidiaries and Martifer SGPS, SA and its affiliates relating to the acquisition including the issuance of a parental guarantee.

The company would also provide a corporate guarantee to secure appropriate financial assistance being granted by various leaders to such overseas subsidiaries of the company for the acquisition, it added.