India's Suzlon sells German unit to Centerbridge
Suzlon Energy, an India-headquartered wind-turbine manufacturer, has sold its German subsidiary - Senvion - to Centerbridge Partners in EUR1 billion ($1.16 billion) deal.
The asset sell-off - which includes an additional earn-out of up to EUR50 million - is an attempt by Suzlon to unshackle itself from about $2.6 billion of debt resulting from a decade-long buyout binge....
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