Suzlon Energy, India’s biggest maker of wind turbine generators and the third-largest wind power equipment maker in the world, on Monday raised $150 million from a five-year convertible bond, which it will use as part payment to squeeze out minority shareholders in its German subsidiary REpower.
The company said in a separate announcement on Monday that it had increased its shareholding in REpower above the 95% threshold that will allow it to initiate squeeze-out proceedings to make the German company a wholly owned subsidiary it previously held 90.5%. If successful, that will mean it can properly integrate REpower into its other businesses, which until now has been impossible due...
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