Suzlon raises stake in Germany's Repower
MUMBAI (Reuters) - Suzlon Energy Ltd, the world's fifth largest wind turbine maker, said on Tuesday it had raised its stake in Germany's REpower to 73.71 percent by paying Portugal's Martifer 65 million euros ($91.98 million).
Earlier this month Suzlon agreed with Martifer to revise the payment schedule till May to buy the 22.4 percent stake in REpower. On completion Suzlon will own 91 percent of REpower.
Dubai Debt Fears
Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets. Full Article | Slideshow
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
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