Suzlon May Sell REpower Stake for $500 Million

(Reuters) – India’s Suzlon Energy (SUZL.BO) may sell up to 25 percent stake in its unit REpower (RPWGn.DE) for $500 million, the Economic Times reported on Monday, citing an unnamed person aware of the development.

Suzlon is in separate talks with private equity fund TPG Capital and a U.S.-based global energy fund, the newspaper said, adding the transaction would be done through a mix of fresh issue of shares by REpower and stake sale by Suzlon.

The paper said a Suzlon spokesman declined to comment.

For the newspaper story, see (www.economictimes.com) (Writing by Devidutta Tripathy; Editing by Ranjit Gangadharan)

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