EnergyWatch

Suzlon surges after rumored Canadian interest

Suzlon Energy may be headed for acquisition by Brookfield.

Photo: Mogens Flindt

Canadian Brookfield plans to bid on a majority share of debt-ridden Suzlon Energy, writes Bloomberg News citing sources familiar with the matter.

According to Bloomberg's sources, Toronto-based Brookfield is working with a financial advisor on a due diligence report regarding the Indian wind turbine manufacturer. Anonymous sources add that Brookfield plans to purchase new shares issued by Suzlon and afterwards buy from existing shareholders in open bidding.

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