Suzlon Energy, the fifth-largest wind energy firm in the world with a market share of 6%, is likely to revise its offer to buy out German wind-turbine builder REpower, following the counter offer of e140 per share made by French rival Areva on Thursday.
According to sources, the company is in talks with a consortium of banks led by ABN Amro and may come out with a revised offer of close to e160 per share, which will raise the value of REpower to $1.7 billion. Areva’s revised offer has raised the value of REpower to $1.5 billion. The new offer is at a premium of 33% to its initial offer price of e105 per share.
Suzlon Energy CMD Tulsi Tanti said, “We will respond to Areva’s counter offer after getting complete information.”
Read more in The Economic Times article
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