Wind industry: Suzlon declines Vestas takeover offer despite heavy debt burden
An offer by Vestas for a majority stake in leading Indian wind turbine maker Suzlon ended without agreement, media reported. Apparently, the takeover price was the major problem. Vestas´ package was worth close to $1.1bn for a majority stake in Suzlon. Suzlon´s market cap is just $360m (25bn rupees) today after Suzlon shares falling in Mumbai