European Energy has successfully completed the transaction to sell Mitsubishi HC Capital a 20% stake in the business.
In connection with the transaction’s closure, European Energy has carried out a capital increase of 72,383,854 new shares, each with a nominal value of Dkr1 (€0.13).
In addition to the capital increase, Mitsubishi HC Capital also acquired approximately 2.8 million shares from the three major shareholders of European Energy.
European Energy will raise proceeds of approximately €700m.
The increase in equity will be used to the continued growth of European Energy.
Keiro Tamate, Deputy Managing Director at Mitsubishi HC Capital, has been elected as a new member of the Board of Directors at European Energy.
“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.
“Mitsubishi HC Capital’s international presence and strategic mindset will be invaluable on the growth journey that European Energy is currently on,” said Jens Due Olsen, Chair of the Board of Directors at European Energy.
Knud Erik Andersen (pictured), CEO and co-founder of European Energy, added: “We are looking forward to starting a new chapter in the story of European Energy.
“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, said: “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.”