February 14, 2007

Accumulate Suzlon Energy: Edelweiss
2007-02-13 11:00:14 Source : Moneycontrol.com
Broking house, Edelweiss Research has recommended accumulate rating on Suzlon Energy.
Edelweiss Research report on Suzlon Energy:
"Suzlon Energy, on February 11, 2007, made a friendly tender offer for RePower Systems, a leading wind turbine producer in Germany. Suzlon’s is a counter offer at Euro 126 per share, against Areva’s offer of Euro 105 per share. The counter offer is supported by Martifer (Portugese steel construction company and second-largest share holder of RePower Systems). The offer values RePower at Euro 1.02 bn (EV/EBITDA of 15x CY08E and P/E of 24x CY08E)."