Speculation has it that a stake in Suzlon’s European business has come up for sale. Global power equipment and wind turbine majors Alstom, Siemens and GE are negotiating with Suzlon Energy for a possible buyout of its German subsidiary REpower.
Sources said the talks were preliminary and may not even conclude in a deal. Even earlier, the company had tapped Gamesa, the Spanish wind power company, and Mitsubishi of Japan for exploring a similar divestment.
Morgan Stanley was then involved as an advisor. German media last week said that Alstom was eyeing REpower and was even willing to pay as much as euro 1.5 billion ($2 billion) for the asset.