Suzlon plans to buy out REpower's minority shareholders in 4 months

MUMBAI: Suzlon Energy is likely to complete the buyout of the remaining 4.8% stake in Germany’s REpower Systems for 63 million euros to make it a 100% owned subsidiary in the next four months, a top company said.

On Wednesday, at the annual general meeting of REpower, the shareholders of the company approved Suzlon’s buyout offer for minority shareholders.