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Windtech International May June 2024 issue

 

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At the end of its takeover bid for the shareholders of the Hamburg-based REpower Systems AG, the Indian wind turbine manufacturer Suzlon owns 33.85% of the company's shares.

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In the additional acceptance period, which lasted from 11th until the 25th of May, Suzlon received 25.46% of REpower's capital. By this 25.46% and through so-called Voting-Pool-Agreements with the two REpower shareholders Martifer and Areva, Suzlon now controls 87.1% of the votes in REpower. Suzlon's lead financiers in the acquisition were ABN AMRO, State Bank of India and ICICI Bank. The innovative structuring of the deal is designed to phase cash outflows for the entire controlling stake over more than two years, while immediately accruing synergy benefits.
 
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