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Suzlon sells German unit Senvion SE to Centerbridge for €1bn

Quelle: Suzlon Group, Pune, India
Suzlon Group, Pune, India, 22.01.2015: Suzlon Group today signed a binding agreement with Centerbridge Partners LP, USA to sell 100% stake in Senvion SE, a wholly owned subsidiary of the Suzlon Group. The deal is valued at EUR 1 billion (approx Rs. 7200 Crs) equity value in an all cash transaction and future earn out of upto an additional EUR 50 million (approx Rs 360crs). Senvion to give Suzlon license for off-shore technologies for the Indian market. Suzlon to give Senvion the S111-2.1 MW license for the USA market. Mr Tulsi Tanti, Chairman, Suzlon Group. Stefan Kowski, Managing Director at Centerbridge
Quelle: Suzlon Group, Pune, India / Suzlon Energy GmbH, Rostock & Hamburg / ... read more in lmv-jobboerse