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Suzlon Group completes ‘squeeze-out’ process of REpower Systems SE

Suzlon Energy Ltd. | Electric Equipment | Capital Goods & Industrial Consumables | BSE: 532667 | NSE: SUZLON

28 Oct 2011 Evaluate

Suzlon Group, the world’s fifth largest wind power company, has completed the ‘squeeze-out’ process of REpower Systems SE with the resolution being entered into the commercial register. By the registration of the 'squeeze-out' resolution with the commercial register, all shares of the minority shareholders of REpower Systems SE have been transferred to AE-Rotor Holding B.V. as a matter of law.

The stock exchange delisting of the shares of REpower Systems SE are expected to proceed in due course. The stock exchange trading taking place until such termination is a trade with the cash compensation rights of the minority shareholders only.

The resolution of the annual general meeting of REpower Systems SE held on 21 September 2011, on the transfer of the shares of the minority shareholders of REpower to Suzlon-subsidiary AE-Rotor Holding B.V. as main shareholder against a cash compensation of Euro 142.77 per ordinary bearer share without par value, was entered in the commercial register on 27 October 2011.

The Suzlon Group is ranked as the world’s fifth largest wind turbine supplier, in terms of cumulative installed capacity, at the end of 2010. The company’s global spread extends across Asia, Australia, Europe, Africa and North and South America with over 18,000 MW of wind energy capacity installed in 28 countries, operations across 32 countries and a workforce of over 13,000.

Suzlon Energy is the flagship company of the dynamically growing SUZLON Group. The company is leader in wind energy in the India, which is world’s fifth largest wind energy market. The company, which was established in 1995, now has global presence in five continents with manpower of over 13,000 people located in 14 countries. Its business model has range of services that include development, manufacturing, marketing, EPC project delivery & operations and maintenance of wind turbine generators around the world.

Suzlon Energy Share Price

53.18 0.09 (0.17%)

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Suzlon Group completes ‘squeeze-out’ process of REpower Systems SE

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