Suzlon raises stake in REpower

Written by Reuters | Mumbai | Updated: Dec 30 2008, 19:03pm hrs
Suzlon Energy, the world's fifth largest wind turbine maker, said on Tuesday it had raised its stake in Germany's REpower to 73.71 percent by paying Portugal's Martifer 65 million euros ($91.98 million).

Earlier this month Suzlon agreed with Martifer to revise the payment schedule till May to buy the 22.4 percent stake in REpower. On completion Suzlon will own 91 percent of REpower.