The offer period for REpower ended Friday 25th of May 2007.
In consideration of the late point in time for a potential increase of its offer making it very unlikely that AREVA can obtain the majority of shares, the share price level reached (€168 today) and the very substantial value created by its initial investment, which has been multiplied by four, AREVA has decided not to go any further. The group has concluded a cooperation agreement with Suzlon which includes the following terms:
- It maintains its stake in REpower and continues supporting REpower;
- it becomes preferred supplier of Suzlon in the field of electricity transmission and distribution;
- it benefits from an exit guarantee ensuring a value creation of over € 350 million.
AREVA maintains its strategic objective of focusing on the development of renewable energies
