New Delhi: The country's largest wind turbine-maker Suzlon Energy on Monday  said it will sell its 26 per cent stake in Belgian company Hansen Transmission to German firm ZF Friedrichshafen for USD 187 million (approximately Rs 840 crore).

Suzlon holds a 26 per cent stake in Hansen Transmission through its Netherlands-based subsidiary, AE-Rotor Holding BV, Suzlon said in an announcement to the Bombay Stock Exchange.

In the offer document, the directors of Hansen have announced that they consider the terms of the offer to be fair and reasonable and have unanimously recommended that the shareholders of Hansen accept the offer.

Suzlon recently made an announcement that it plans to purchase the remaining minority stake in German entity Repower Systems AG for 63 million Euros.

The transaction would be done through Suzlon's step-down wholly-owned subsidiary, AE-Rotor Holding BV (AERH).

Suzlon has a 95.16 per cent stake in RE Power and now plans to buy out the remaining shareholding, amounting to less than 5 per cent.

Shares of Suzlon Energy were trading at Rs 54.35, up 2.74 per cent on the BSE.

(Agencies)