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New French government boosts Franco-Indian hopes on Repower

By Peggy Hollinger in Paris

Published: May 10 2007 03:00 | Last updated: May 10 2007 03:00

France's incoming government could breath new life into the Franco-Indian bid battle for German wind power company Repower, after Anne Lauvergeon, head of the state-owned nuclear group Areva, met the man tipped to be prime minister.

Areva has for several months been locked - with Suzlon Energy of India, the world's fifth largest wind turbine group - in a battle for Repower, but has had its freedom to boost its €1.25bn ($1.7bn) cash offer curbed by Thierry Breton, France's outgoing finance minister. As a result it has not been able to respond to Suzlon's higher cash bid of €1.33bn.

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