European Energy has successfully concluded the sale of a 20% stake in the company to Mitsubishi HC Capital. The transaction, which also involved a capital increase, saw European Energy issue 72,383,854 new shares with a nominal value of Dkr1 (€0.13) each.
As part of the deal, Mitsubishi HC Capital acquired approximately 2.8 million shares from three major shareholders of European Energy. The capital raise is expected to generate proceeds of around €700 million.
Keiro Tamate, Deputy Managing Director at Mitsubishi HC Capital, has been appointed as a new member of the Board of Directors at European Energy.
Jens Due Olsen, Chair of the Board of Directors at European Energy, expressed optimism about the partnership, stating, “The strategic partnership with Mitsubishi HC Capital will triple European Energy's equity, enabling European Energy to further enhance its role in the green energy transition.”
Knud Erik Andersen, CEO and co-founder of European Energy, emphasized the significance of the collaboration, saying, “With our collaboration with Mitsubishi HC Capital, we will be able to further accelerate our growth and strengthen our impact in the fight against climate change.”
Takuji Naruse, Managing Executive Officer and Head of Environment & Energy Business Division at Mitsubishi HC Capital, highlighted the growth potential of European Energy, stating, “There is significant growth potential in European Energy, and we are excited to contribute our expertise and knowledge to the company in its new chapter.”
The partnership between European Energy and Mitsubishi HC Capital signifies a major step forward in the companies' efforts to drive sustainable growth and make a meaningful impact in the renewable energy sector.
