Suzlon Windenergie GmbH announces takeover offer for shares of REpower Systems AG
Hamburg (euro adhoc) -
PRESS INFORMATION
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Hamburg, 09 February 2007. Suzlon Windenergie GmbH announced today its intention to make a counteroffer to the takeover offer for REpower Systems AG (WKN 617703) released by the French AREVA S.A. on 5 February 2007. The counteroffer by Suzlon Windenergie - an affiliated company of the Indian wind turbine manufacturer Suzlon Energy Ltd. and the Portuguese steel construction company Martifer - represents a cash offer of EUR 126.00 per share (which corresponds to a market capital of EUR 1.02 billion).
As REpower Systems AG does not yet dispose of the offer documents, the Management Board is at present not yet in the position to comment on the offer made by Suzlon Windenergie GmbH, especially with regard to its implication for employees, company sites or customers.
About REpower:
REpower Systems AG is one of the leading manufacturers of onshore and offshore wind turbines. The international engineering company develops, produces and sells wind turbines with outputs ranging from 1.5 to 5 megawatts and rotor diameters of 70 to 126 metres for almost all locations. It also provides a comprehensive service and maintenance range. The high performance, reliable turbines are designed at the REpower development centre in Rendsburg and produced at the sites in Husum (North Frisia) and Trampe (Brandenburg).
Listed on the stock exchange since March 2002 and with around 880 employees worldwide, the Hamburg-based company relies on its experience in the production and installation of more than 1,400 wind turbines worldwide. REpower is represented in European markets such as France, the United Kingdom, Italy, Portugal and Spain and in the international markets of Japan, China and Australia through its sales partners, subsidiaries and investments.
Contact:
|REpower Systems AG | | |Daniela Puttenat |Thomas Schnorrenberg | |Corporate Communications & |Investor Relations | |Public Relations | | |Phone:+49 - 40 - 53 93 07- 14 |Phone:+49 - 40 - 53 93 07- 23 | |Fax.: +49 - 40 - 53 93 07- 37 |Fax.: +49 - 40 - 53 93 07- 77 | |E-mail: d.puttenat@repower.de |E-mail: t.schnorrenberg@repower.de |
end of announcement euro adhoc 09.02.2007 18:08:56
Further inquiry note:
Branche: Alternative energy
ISIN: DE0006177033
WKN: 617703
Index: Prime All Share, CDAX, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade