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Reuters 03:24 PM | June 06,2009
The final tranche of shares, accounting for approximately 14.4% stake in REpower, was acquired in a two-part payment plan with a payment of 87.6 million euros on 29 May and an equivalent amount on 5 June
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PTI 05:28 AM | May 04,2009
Wind turbine maker Suzlon Energy has paid $39.6 million for purchasing Martifer group’s stake in Germany’s REpower Systems AG
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Reuters 02:17 PM | January 30,2009
The company slipped to a loss in the December quarter hurt by forex losses and charges on quality issues and said it saw growth coming in only from 2010
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Reuters 11:15 AM | January 02,2009
Following the transaction, Suzlon’s holding in Hansen will drop to 61.28% while Ecofin will have 11.62%
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PTI 02:11 PM | December 30,2008
Suzlon already holds 91% voting rights in REpower through an existing agreement with Martifer
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Reuters 11:00 AM | November 17,2008
Last month Suzlon suspended a $360 million rights issue, the proceeds of which it had planned to use to partly fund the stake buy
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Paresh Jatakia / Bloomberg 12:02 AM | October 28,2008
Suzlon suspended its plan to raise money by selling shares to existing shareholders after a slump in stock markets across the world
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Reuters 02:39 PM | October 27,2008
The rights issue was planned to fund the acquisition of a stake in REpower from Portugal’s Martifer and other minority shareholders
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Reuters 10:55 AM | September 29,2008
Suzlon had earlier this month struck a deal for an early acquisition of Martifer’s stake in REpower for nearly $400 million
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Satish John 12:54 AM | September 10,2008
This will give the company access to the German firm’s technology
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Satish John 10:32 PM | September 09,2008
Repower will also benefit from the integration and it will be able to improve its margin, says Suzlon CMD Tulsi R. Tanti
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03:52 PM | September 01,2008
In June, Suzlon acquired 30% stake of REpower from France-based Areva, taking its total holding to 66%
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12:32 PM | September 12,2007
Expansion plan to raise firm’s turbine production capacity in India from 2,700 MW to 5,700 MW by March 2009
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03:53 PM | June 03,2007
REpower shareholders have been tendering shares in favour of Suzlon’s offer of Euro150 a share that valued the company at $1.8 billion
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Shilpa Shree 12:39 AM | May 26,2007
Suzlon has so far paid a mere €100 million for its stake. The immediate bill is likely to increase by another €100-150 million as more shares could be tendered to Suzlon by large funds such as Blackrock group and Fidelity
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