The world's fifth largest wind turbine maker, Suzlon Energy Ltd has finally completed its acquisition of Martifer Group's stake in REpower Systems AG, for a final payment of Euro 87.6 million.

With the conclusion of this transaction, Suzlon’s total shareholding in REpower rises to 90.72%.

It should be noted The Purchase of Martifer's stake in REpower by Suzlon was agreed in February 2007 at the time of the joint bid by Suzlon and Martifer.

The acquisition was completed in a two-part payment plan that involved Martifer’s remaining 14.4% equity stake in Repower.

Ahead of positive announcement, the scrip of the company slipped 4% to close the day at Rs 131.