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India’s Suzlon raises stake in Germany’s REpower

  Suzlon Energy Ltd, the world’s fifth largest wind turbine maker, said on Tuesday it had raised its stake in Germany’s REpower to 73.71% by paying Portugal’s Martifer €65 million ($91.98 million).

Earlier this month Suzlon agreed with Martifer to revise the payment schedule till May to buy the 22.4% stake in REpower. On completion Suzlon will own 91% of REpower. (Reuters)