REpower keen on joint bid

MUMBAI: REpower Systems is willing to be bought by either Areva or Suzlon, and would prefer it if the two rival bidders formed an alliance,” said Fritz Vahrenholt, chairman of the German wind turbine maker.

“Both candidates are appropriate from our point of view. Both could help us in our growth. The best would be if the two could put their forces together,” he added.

Last week, Areva has raised its bid to euro 140 per share valuing the company at $ 1.5 billion, countering Suzlon’s offer of euro 126 per share.