Press Release
Publisher: REpower Systems AG
Announcement of reasoned opinion of REpower Systems AG concerning takeover offer of Suzlon Windenergie GmbH
Hamburg, 6 March 2007. Today, the supervisory board and management board of REpower Systems AG (WKN 617703) have published their joint reasoned opinion concerning the takeover offer of Suzlon Windenergie GmbH which had been submitted to REpower on 28 February.
Therein, supervisory board and management board both approve the offer of Suzlon, which provides a takeover price of EUR 126.00 per share (equalling a total value of EUR 1.02 billion) and recommend to accept the offer as for REpower, Suzlon would be an appropriate strategic partner for the accelerated growth of the international wind energy industry and as the offer is EUR 21.00 higher than AREVA’s competing offer which provides a share price of EUR 105.00 per share.
The complete reasoned opinion is available on an internet website under the address http://www.repower.de (quick link “information about the takeover offers of AREVA and Suzlon”).
Suzlon Windenergie GmbH is a joint venture between the Indian wind turbine manufacturer Suzlon Energy Ltd. and the Portuguese steel and metal building company Martifer which owns 25.4 per cent of the REpower shares.
About REpower:
REpower Systems AG is one of the leading manufacturers of onshore and offshore wind turbines. The international engineering company develops, produces and sells wind turbines with outputs ranging from 1.5 to 5 megawatts and rotor diameters of 70 to 126 metres for almost all locations. It also provides a comprehensive service and maintenance range. The high performance, reliable turbines are designed at the REpower development centre in Rendsburg and produced at the sites in Husum (North Frisia) and Trampe (Brandenburg).
Listed on the stock exchange since March 2002 and with around 880 employees worldwide, the Hamburgbased company relies on its experience in the production and installation of more than 1,500 wind turbines worldwide. REpower is represented in European markets such as France, the United Kingdom, Italy, Portugal and Spain and in the international markets of Japan, China and Australia through its sales partners, subsidiaries and investments.
Contact:
REpower Systems AG
Daniela Puttenat Corporate Communications & Public Relations
Phone:+49 - 40 -53 93 07 -14
Fax.: +49 - 40 - 53 93 07- 37
E-mail: d.puttenat@repower.de>d.puttenat@repower.de
Thomas Schnorrenberg
Investor Relations
Phone:+49 -40 - 53 93 07 - 23
Fax.: +49 - 40 - 53 93 07- 77
E-mail: t.schnorrenberg@repower.de>t.schnorrenberg@repower.de
Internet: http://www.repower.de
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The press release "Announcement of reasoned opinion of REpower Systems AG concerning takeover offer of Suzlon Windenergie GmbH" von REpower Systems AG is also available in the following languages:
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Veröffentlichung der Stellungnahme der REpower Systems AG zum Übernahmeangebot der Suzlon Windenergie GmbH
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Malheureusement cette information de presse n'est pas disponible en version française.
