Suzlon Hansen Deal
There has been a deal struck between Suzlon Energy and Hansen Transmissions Internationals NV from Belgium. It has been revealed that Suzlon shall be liable to a certain amount of refund after the stakes from Hansel have been sold. This might be able to fetch them a sum of $187 m.
This is an irrevocable undertaking and the offer is for 26.06% of the equity earned by ZF Friedrichshafen. The firm is of the view that it holds about 174632079 depository receipts value in Hansen. They have signed an irreversible deal with the firm under which it shall be liable for a huge gain of as much as $187m.
Tulsi Tanti, the founder of Suzlon group is of the view that “This is in line with our strategy to optimize and strengthen our balance sheet.”
“Suzlon and Hansen have developed a strong partnership on technology and supply chain, Hansen has a significant presence in Low Cost Country Manufacturing while maintaining technological edge and reliability. We expect this partnership to continue and strengthen further over the mid-term”, he added further.
It’s a matter of time before it can be found whether it really was a feasible option to hook up with a firm in this way.
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