Still All In The Family

The India-based wind turbine company, Suzlon, has out-bid the France-based nuclear power company, Areva, for ownership of the German-based wind turbine company, REpower. Hopefully, the technology merger that results will make for an even more interesting array of wind turbine products. (I think the "Portugal-based" reference may be a typo.)

Suzlon Bid for REpower Approved - The Economic Times (India)

"Suzlon Energy, the world’s fifth-largest wind turbine maker, has received the approval from BaFin, the financial markets regulator in Germany, for its $1.35 billion offer to buy out Portugal-based REpower Systems. Suzlon’s all-cash offer for REpower valued the German firm at 1.02 billion euro, or 126 euros per share, which was about 20% higher than the offer by France’s state-owned nuclear group Areva made on February 5."

Still All In The Family

The India-based wind turbine company, Suzlon, has out-bid the France-based nuclear power company, Areva, for ownership of the German-based wind turbine company, REpower. Hopefully, the technology merger that results will make for an even more interesting array of wind turbine products. (I think the "Portugal-based" reference may be a typo.)

Suzlon Bid for REpower Approved - The Economic Times (India)

"Suzlon Energy, the world’s fifth-largest wind turbine maker, has received the approval from BaFin, the financial markets regulator in Germany, for its $1.35 billion offer to buy out Portugal-based REpower Systems. Suzlon’s all-cash offer for REpower valued the German firm at 1.02 billion euro, or 126 euros per share, which was about 20% higher than the offer by France’s state-owned nuclear group Areva made on February 5."