Suzlon Energy has signed an agreement with Martifer SGPS SA (Martifer), under which it can exercise an option for an early acquisition of Martifer's total stake of approximately 22.48 per cent in REpower Systems, Anil Ambani Group.
According to a BSE notice, the cost of the acquisition could go up to Euro 270 million and the deal should be concluded by 15 December, 2008.
This acquisition would consolidate Suzlon's total holding in REpower to approximately 90 per cent.
