Suzlon Energy Ltd has informed BSE that the Company has signed a Share Purchase Agreement with Areva for acquisition of Areva’s total stake of approximately 30% in REpower Systems AG, Germany (’REpower’). This acquisition shall consolidate the Company’s total holding in REpower to approximately 66%.

With this acquisition and through voting pooling agreement with Martifer of Portugal, another major shareholder of REpower, the Company enjoys voting rights of approximately 89% in REpower subject to certain minority protection and other rights.