European Energy A/S and Mitsubishi HC Capital Inc. have sealed a landmark deal, with Mitsubishi HC Capital acquiring a 20 percent stake in the Danish renewable energy company. The transaction, valued at EUR 700 million, marks a significant step towards bolstering European Energy's position in the green energy sector.

The completion of the agreement follows the approval from relevant authorities, paving the way for Mitsubishi HC Capital to contribute its expertise and resources to European Energy's growth trajectory. As part of the transaction, European Energy has conducted a capital increase, issuing 72,383,854 new shares.

In addition to the capital increase, Mitsubishi HC Capital has acquired approximately 2.8 million shares from three major shareholders of European Energy. The infusion of funds will be instrumental in driving European Energy's continued expansion and its crucial role in the global green energy transition.

Keiro Tamate, Deputy Managing Director at Mitsubishi HC Capital, has been appointed as a new member of the Board of Directors at European Energy, underscoring the commitment to strengthening collaboration between the two entities. The strategic partnership is poised to triple European Energy's equity and amplify its impact on combatting climate change.

Jens Due Olsen, Chair of the Board of Directors at European Energy, emphasized the strategic significance of the partnership, stating that it will enable the company to accelerate its growth trajectory. Similarly, Knud Erik Andersen, CEO and co-founder of European Energy, expressed enthusiasm about the collaboration's potential to drive further momentum in their mission to combat climate change.

Source: europeanenergy.com