Suzlon ltd is in discussions to acquire the remaining 9 per cent stake

Suzlon ltd is in discussions to acquire the remaining 9 per cent stakeWind turbine producer Suzlon Energy ltd is in discussions to acquire the remaining 9 per cent stake in German unit REpower Systems AG, it’s chief financial official said on Mon.

“All of us are working towards it,” Robin Banerjee said at the Reuters India Investment Summit in Mumbai, adding that Suzlon had no ideas to sell a stake in REpower.

Press had previously said that Suzlon might sell around 25 per cent in REpower for $500 million.

Suzlon , that retains 91 % of REpower, is the world’s 3rd-biggest wind turbine manufacturer behind Denmark’s Vestas as well as Spain’s Gamesa.

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