European Energy seals EUR-700m capital hike with Mitsubishi HC Capital

Danish renewables developer European Energy A/S has completed a capital hike directed at Japan’s Mitsubishi HC Capital Inc (TYO:8593), raising approximately EUR 700 million (USD 744.5m) to fuel its growth plans.

The Japanese financial services firm acquired a 20% stake in European Energy by purchasing roughly 72.3 million newly issued shares and by acquiring around 2.8 million shares from the Danish firm’s three major shareholders.

The deal received the green light from relevant authorities and is now closed, European Energy announced on Tuesday.

The stake acquisition resulted in Keiro Tamate, deputy managing director at Mitsubishi HC Capital, joining the board of directors of European Energy.

“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,” commented Knud Erik Andersen, CEO and co-founder of European Energy.

(EUR 1.0 = USD 1.064)

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