News Release from Senvion GmbH


Wind Industry Profile of

Reasoned opinion of REpower Systems AG - Support of increased takeover offer of Suzlon - Waiver of minimum acceptance conditions of AREVA

Hamburg, 17 April 2007. Supervisory board and management board of REpower Systems AG (WKN 617703) have published their joint reasoned opinion concerning the increased takeover offer of Suzlon Windenergie GmbH which had been submitted to REpower on 10 April and the alteration of the AREVA offer from today.

As stated several times before, Suzlon as well as AREVA is an appropriate strategic partner for the accelerated growth in the international wind energy industry. Thus, supervisory board and management board both approve the offer of Suzlon which provides a takeover price of EUR 150.00 per share, as the offer is EUR 10.00 higher than AREVA’s competing offer of EUR 140.00 per share.

Referring to the current share capital which has added up to EUR 8,928,176.00 since the concluded capital increase last week, the offer equals to a valuation of the company of about EUR 1.34 billion.

Furthermore, the supervisory board and management board approve AREVA’s waiver of the minimum acceptance conditions of more than 50 per cent, because thereby the transaction safety and comparability of both offers will be increased for the shareholders.

As this formal alteration happened within the last two weeks before the expiration of the offer deadline for the submission of quotations, the term of acceptance for both offers was extended to Friday, the 4th of May 2007, 12.00 a.m.

The complete reasoned opinion is available on the internet website under the address www.repower.de (quick link „information about the takeover offers of AREVA and Suzlon“)
REpower Systems AG
Daniela Puttenat

Alle Meldungen Von Senvion GmbH


news in archive

Keyword Search

© smart dolphin Gmbh 1999 - 2024 | Legal Notice | Windfair Editors | Privacy Policy | The Windfair Pocket Wind 2020