Areva signalled its determination to carve out a place in Europe’s wind power market by offering €595m to buy the 70 per cent it does not own of Repower, the German turbine maker. The French nuclear group is offering a 17 per cent premium to Repower’s closing price on Friday, or €105 a share in cash, in a deal that values the German company at €851m. But some analysts warned the market’s enthusiasm for renewable energy was in danger of overshadowing fundamental valuations in the wind power sector.

This entry was posted by Helen Thomas on Tuesday, January 23rd, 2007 at 5:07 and is filed under M&A. Tagged with areva, repower. Edit this entry.