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Spreading wings is an inherent activity for a growing bird. And that’s what exactly Suzlon Energy, the Indian wind turbine maker, did in 2007. To add winds to its wings it acquired REpower for Rs.73.14 billion in a hard fought bid battle against its French rival, the Nuclear Energy Group, Areva and others. Well, the effort hasn’t gone waste, as along with a 60% stake in REpower, Suzlon has also pocketted the 10% market share enjoyed by REpower in the international energy market. “Suzlon has gained from this acquisition as it has helped it to extend its reach in the global wind turbine market,” agrees Vinay Nair, Oil, Gas & Energy Analyst, Khandwala Securities.
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