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.