French nuclear power company Areva Group said Thursday it raised its offer for the shares in REpower AG it doesn't already own by more than 33 percent, topping a rival bid by Suzlon Windenergie GmbH.
The company said it is offering euro140 (US$184.82) a share, 12 percent more than Suzlon.
Areva, which is involved in the whole process of nuclear power from uranium mining to serving power stations, made an offer of euro105 (US$138.62) a share for REpower Feb. 5 in a friendly takeover offer.
Suzlon Windenergie GmbH then made an offer of euro126 (US$166.3) a share later in the month.
Areva currently owns slightly more than 30 percent of REpower's stock.
Areva shares slipped 1.3 percent to euro658.21 (US$868.96) in Paris.
Copyright 2006 Associated Press. All rights reserved.
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