Mitsubishi HC Capital, a specialised financing company, has agreed to acquire a 20% stake in Danish renewables developer European Energy by investing €700m.
Through the partnership, European Energy can enhance its position in the renewable energy sector. The capital injection will fuel the continued expansion of European Energy’s operations.
Under the terms of the agreement, Mitsubishi HC Capital will subscribe to about 72 million new shares in European Energy. It will buy approximately three million shares from the three major shareholders in European Energy.
This will establish Mitsubishi HC Capital as the second-largest shareholder, with a 20% share in the capital and voting rights.
European Energy is a Danish company that was formed in 2004. European Energy has active projects in 28 countries and more than 550 employees.
Mitsubishi HC Capital is a global player within several business segments, including environment and energy, and is one of the leading players of renewable energy in Japan. Since 2017, Mitsubishi HC Capital has also invested in renewables in Europe and North America. With the investment in European Energy, Mitsubishi HC Capital will enhance and extend its environment and energy business in Europe, where innovative projects on decarbonisation are taking place, and the demand for green energy is anticipated to grow considerably.
With Baker & McKenzie UK and Accura, TGS Baltic was a legal advisor to Mitsubishi HC Capital in connection with the investment.
