Suzlon to go on top gear for REPower takeover

Suzlon is moving ahead of schedule to consolidate its takeover of REPower, in order to speed the transfer of technology, according to the Wall Street Journal.
So far, Suzlon has been unable to draw on REpower's technology because of a strict German corporate law which requires foreign investors taking over German companies to reach a so-called domination agreement involving involves getting 75% of shareholders on board and making a tender offer to buy out minority shareholders. The newspaper said that Suzlon has agreed tom abide by this rule. In the light of complaints regarding the quality of its wind turbines, we view this move as a extremely positive for Suzlon.