Suzlon sells partial stake in gearbox maker Hansen

The deal, for an undisclosed price, will see Suzlon’s voting stake in Hansen drop to 61%. Under the agreement, Ecofin must hold onto its stake until at least 30 June 2008.

Suzlon said it remains a “committed long-term strategic investor in Hansen.”

Money from the deal will flow to Suzlon subsidiary AE-Rotor Holding, which bought Hansen for €465m ($648m) cash in 2006 from Allianz Capital Partners.

Suzlon