Suzlon Energy Ltd announced today that it has signed an agreement with Martifer for an early acquisition of the Portuguese conglomerate's stake in REpower Systems for 270 million euros ($396 million).
The agreement to buy Martifer's stake of about 22.48 per cent in REpower will be completed by December 15, taking Suzlon's holding in the REpower to around 90 per cent, the firm, the world's fourth-largest wind turbine maker.
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