As well as approving the sale of Senvion to US private equity group Centerbridge partners, the shareholders also gave Suzlon the OK to issue up to one billion new preference shares, and to sell the SE Forge metalworking business.
The divestment of Germany-based Senvion – first agreed in January – is a cornerstone of Suzlon’s recovery plan as it seeks to restructure its finances and focus on opportunities in the Indian wind sector, as well as selected emerging markets.
The
