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Bidding war now blowing in windy Europe
In about four hours, Forbes changed its headline thrice for a story, thus: ‘Europeans Go Wild For Wind', ‘Europe Embraces Winds Of Change', and ‘Europe Is Gone With The Wind'. Parmy Olson scans the ‘windy' market for clues. The report begins by narrating how Goldman Sachs recently ‘more than doubled its money by selling Horizon Wind Energy, a developer and operator of wind power generation, for at least $2.15 billion to Energias de Portugal'.
Another happening deal attracting a lot of attention in Europe, which is ‘the world's biggest wind market, according to the Global Wind Energy Council', is the one about German wind turbine manufacturer REpower Systems. Its market valuation more than tripled last year, to 150 euros ($200) a share, mentions Olson. REpower has received ‘takeover bids of around $1.7 billion from French nuclear power company Areva and India's Suzlon Energy'.
March 30, 2007
by D. Murali
in The Hindu News
In about four hours, Forbes changed its headline thrice for a story, thus: ‘Europeans Go Wild For Wind', ‘Europe Embraces Winds Of Change', and ‘Europe Is Gone With The Wind'. Parmy Olson scans the ‘windy' market for clues. The report begins by narrating how Goldman Sachs recently ‘more than doubled its money by selling Horizon Wind Energy, a developer and operator of wind power generation, for at least $2.15 billion to Energias de Portugal'.
Another happening deal attracting a lot of attention in Europe, which is ‘the world's biggest wind market, according to the Global Wind Energy Council', is the one... [continue via Web link]
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