India's Suzlon Energy in bidding war in Europe

REpower's shareholders cheer as Suzlon Energy offers $1.33 billion for the company, trumping the offer by Areva of France by 20%.

Just days after the hotly-contested bidding war by IndiaƆs Tata Steel and Brazil's CSN for Corus ended in favour of the Tatas, another Indian company, Suzlon, has pitted itself against French Areva for control of Germany's REpower.

REpower Systems was founded in 2001 and operates in the wind energy sector, specializing in high output turbine technology particularly suited to offshore turbines. It is a leader in 5MW turbines.

Suzlon is Asia's largest wind power company and the fifth largest in...

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