Suzlon Shareholders OK Senvion Sale

Suzlon shareholders have approved the sale of its German subsidiary, Senvion, to Centrebridge Partners.

Tulsi R. Tanti, Chairman, Suzlon Group said: “We thank our shareholders and lenders for their confidence, trust and faith in the strategic vision of Suzlon. I am confident the bold decisions taken in the recent past by the company will pave the way for Suzlon’s resurgence.”

In January, Suzlon made a deal with the USA company for the sale of 100% stake in Senvion SE for EUR 1 billion.

Centrebridge Partners said they will continue to financially support innovation at Senvion after they acquire it.