European Energy A/S: Mitsubishi HC Capital Inc. acquisition of 20% ownership stake in European Energy A/S and election of a new board member
April 16 2024 - 6:21AM
European Energy A/S: Mitsubishi HC Capital Inc. acquisition of 20%
ownership stake in European Energy A/S and election of a new board
member
Company announcement 9/2024 (16.04.2024)
In continuation of European Energy A/S’
announcement on 19 January 2024, European Energy A/S
(European Energy) today announces the closing of
the transaction with Mitsubishi HC Capital Inc. (Mitsubishi
HC Capital), a Japanese company listed on the Tokyo and
Nagoya Stock Exchanges, whereby Mitsubishi HC Capital acquires a
20% stake in European Energy.
In connection with the closing of the
transaction, European Energy has completed a capital increase of
72,383,854 new shares, each of nominal value of DKK 1, which a
subsidiary of Mitsubishi HC Capital subscribed for. In addition to
the capital increase, Mitsubishi HC Capital also acquired
approximately 2.8 million shares from the three major shareholders
in European Energy, ultimately controlled by Knud Erik Andersen,
Mikael D. Pedersen, and Jens-Peter Zink.
Through the transaction, European Energy will
raise gross proceeds of approximately EUR 700 million. The capital
raise will strengthen European Energy’s balance sheet and will be
used to contribute to the continued growth of European Energy.
To strengthen the collaboration between European
Energy and Mitsubishi HC Capital, Keiro Tamate, Deputy Managing
Director of Global Environment & Energy Business Department at
Mitsubishi HC Capital, was elected as a new member of the Board of
Directors of European Energy by an extraordinary general meeting
held today in connection with the closing of the transaction. Keiro
Tamate will be joining European Energy as the Senior Executive Vice
President to lead and expand the strategic partnership between
European Energy and Mitsubishi HC Capital. Keiro, spending most of
his career in power & renewable sector and having a global
background working in the U.S. and UK, has been leading Mitsubishi
HC Capital’s business development in European renewables and
infrastructure. He will bring in his extensive global experience
and network from Mitsubishi HC Capital, where he has worked since
2006, with the aim to accelerate the strategic growth of European
Energy.
In alignment with these strategic changes,
Jens-Peter Zink, Deputy CEO, will transition to an observer role on
the board.
About European EnergyEuropean
Energy, founded in 2004 in Denmark, is a leading developer of
renewable energy in Europe, with activities in the entire value
chain. The company is present in 25 countries, with a development
pipeline surpassing 60 GW. European Energy is a pioneer in
Power-to-X (PTX) innovation and is currently constructing the
world's largest e-methanol facility and maintaining a significant
PTX project pipeline.
About Mitsubishi HC Capital Group’s
BusinessMitsubishi HC Capital Group (the Group) globally
operates and develops a variety of business with seven business
segments; Customer Solutions, Global Business, Environment &
Energy, Aviation, Logistics, Real Estate and Mobility. In
Environment & Energy, the Group is already one of the leading
players of renewable energy in Japan and has been investing in
renewables in Europe and North America since 2017. It intends to
strengthen and make the renewable energy business a growth driver
for the group by actively expanding its presence
overseas.Mitsubishi HC Capital Inc. (TSE, NSE: 8593), incorporated
in 1971, has achieved a solid and stable business growth backed by
its strong financial position and long-term credibility.Please
visit https://www.mitsubishi-hc-capital.com/english/ for more
information.
Investor and media
enquiries
- Investor Relations: Martin Graa Jennum, Director and Head of
Corporate Finance, FP&A and Investor Relations:
mgj@europeanenergy.com, +45 2114 6107 or
investor.relations@europeanenergy.com.
- Press: Ming Ou Lü, PR Manager: miol@europeanenergy.com, +45
3126 9376.