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Suzlon of India wins bid battle for German Wind power Group Repower
Suzlon’s victory, with a cash offer of $1.6bn, marks only a second bid battle by an Indian company in Europe and re-enforces its position as one of the World’s leading suppliers of wind turbines at a time when the market is growing rapidly.
French company Areva in failing with their own bid, suffered a blow to their ambitions to become a global operator in the renewable energy business beyond nuclear power.
25 May 2007
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