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    Mitsubishi acquires a share in European Energy

    Under a newly established agreement, Mitsubishi HC Capital is set to acquire a 20% stake in European Energy. The arrangement involves a capital injection of approximately €700 million through the issuance of new shares, with Mitsubishi HC Capital subscribing to about 72 million of these shares. Additionally, the company will purchase approximately 3 million shares from three major shareholders of European Energy, positioning Mitsubishi HC Capital as the second-largest shareholder with a 20% share of the capital and voting rights.

     

    This strategic partnership is anticipated to enhance European Energy’s capital base, fostering growth opportunities. The completion of the transaction, expected in the first half of 2024, is contingent upon meeting specific conditions, including regulatory approvals.

     

    Chair of the Board of Directors at European Energy, Jens Due Olsen, commented “The partnership with Mitsubishi HC Capital represents a significant milestone for European Energy. Their international presence and strategic mindset are key to boosting our company’s growth, especially with the increasing demand for capital in this industry. This transaction will further enhance our role in the green energy transformation,”

     

    CEO and co-founder of European Energy, Knud Erik Andersen,  added “I am very pleased to welcome Mitsubishi HC Capital as part of our shareholder group. Their strategic focus aligns perfectly with our current strategy and goal of expanding European Energy’s impact in the fight against climate change. The capital injection more than triples our equity, offering us increased opportunities to accelerate our business,”

     

    Managing Executive Officer and Head of Environment & Energy Business Division of Mitsubishi HC Capital, Takuji Naruse, said “We are most delightful to enter into this strategic partnership with European Energy. Mitsubishi HC Capital finds significant growth potential in European Energy and room to create synergies. Mitsubishi HC Capital by leveraging our expertise and strengths in the market will work together with European Energy to realize value creation and decarbonization,”

     

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