European Energy has finalised the transaction with Mitsubishi HC Capital, wherein Mitsubishi HC Capital has acquired a 20 percent stake in European Energy.The agreement has received approval from relevant authorities, and the transaction has been completed.
Following the closure of the transaction, European Energy has executed a capital increase, issuing 72,383,854 new shares, each valued at DKK 1. Additionally, Mitsubishi HC Capital has purchased around 2.8 million shares from European Energy's three major shareholders. This move will generate proceeds of approximately €700 million for European Energy. The increase in equity will be used to the continued growth of European Energy. The strategic partnership with Mitsubishi HC Capital will triple European Energy’s equity. To enhance future collaboration, Keiro Tamate, Deputy Managing Director at Mitsubishi HC Capital, has been appointed as a new member of the Board of Directors at European Energy.
