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Article: United States: INDIAS SUZLON TO SELL 10 PCT STAKE IN HANSEN TO ECOFIN.
- Article from:
- TendersInfo
- Article date:
- January 13, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: sanjayV03
India's biggest wind-turbine maker, Suzlon Energy, on Friday said it has agreed to sell a 10 per cent stake in its Belgium arm Hansen to a London-based investment firm for an undisclosed amount.
The company's Netherlands-based wholly-owned subsidiary AE-Rotor Holding has sold 67 million shares representing 10 per cent in Hansen Transmissions International NV to Ecofin, Suzlon said in a filing to the Bombay Stock Exchange.
Post selloff Suzlon's stake has been reduced to 61.28 per cent, while Ecofin would hold 11.62 per cent in Hansen. However, the financial details of the transaction were not disclosed.
Under the terms ...