Turbine Manufacturer Suzlon's Stake in REpower Rises to Nearly 90%

BANGALORE, INDIA--September 16, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Suzlon Energy (BOM:532667) (Pune, Maharashtra), the world's fifth largest manufacturer of wind turbines, is increasing its stake in its subsidiary, REpower Systems AG (FRA:RPW) (Hamburg, Germany), which manufactures some of the largest wind turbines in the world, to nearly 90% eight months ahead of schedule. Suzlon is acquiring the 22.48% stake in REpower owned by Martifer SGPS SA (ELI:MAR) (Oliveira de Frades, Portugal), a manufacturer of steel structures used in wind generation equipment, for about 270 million euros ($383 million) at 131 euros ($186) per share. The deal is scheduled to be complete by December 15, 2008.

Other companies featured: Areva (EPA:CEI), Madras Cement Limited (BOM:500260), K.S. Oils Limited (BOM:526209)