Suzlon Energy May Seek to List Senvion Unit by March
This article is for subscribers only.
Suzlon Energy Ltd., Asia’s second-biggest wind-turbine maker, may sell shares for the first time in its German unit by the end of March as demand recovers.
Suzlon is looking at options in the “international capital and debt markets,” to reduce its dependence on high-cost Indian loans, including an initial public offering of its Senvion SE unit, said Kirti Vagadia, group head of finance. Suzlon would keep majority control of Senvion, whose valuation may get a boost from the demand recovery, he said.