Mitsubishi acquires a 20% stake in European Energy

Mitsubishi HC Capital will subscribe to approximately 72 million new shares in European Energy, and additionally, will purchase around three million shares from the latter’s three major shareholders, making it the second largest shareholder in European Energy.

As part of the transaction, Mitsubishi HC Capital will collaborate actively towards the value creation and strategic growth of European Energy, including through representation on the board of directors. The investment will significantly boost European Energy’s capital base and growth prospects.

The closing of the transaction is subject to the fulfilment of certain conditions, including regulatory approvals. It is expected to be completed in the first half of 2024.

COBALT Partner Dr Paulius Markovas with team represented European Energy in this transaction. The team advised European Energy on Lithuanian market projects questions under EE development.