TPG, US fund eye stake in REpower

Private equity fund TPG Capital and a US-based global energy fund are in separate talks with Suzlon to acquire up to 25 per cent stake in its German wind energy subsidiary, REpower Systems AG, for $ 500 million, a person close to the development said. The transaction will be done through a mix of fresh issue of shares by REpower and stake sale by Suzlon. Suzlon owns 90.7 per cent in REpower.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s