Oct 29, 2020ACQUISITIONDenmark Vestas to acquire MHI's 50% stake in MHI Vestas Offshore Wind for €709M
Vestas agreed to acquire Mitsubishi Heavy Industries' 50% stake in MHI Vestas Offshore Wind for €709 million. MHI will receive Vestas shares and also form a JV with Vestas for turbine sales in Japan.
Value
$830.0M (709.0M EUR)
Productsoffshore wind turbines
“Danish wind turbine-maker Vestas has entered into an agreement with Mitsubishi Heavy Industries (MHI) to acquire its 50% stake in the offshore wind joint venture MHI Vestas Offshore Wind (MVOW) for €709m.”nsenergybusiness.com
- 4 sources
- nsenergybusiness.comVestas to take full ownership of MHI Vestas Offshore WindSurya Rao AkellaOct 29, 2020
- energywatch.comVestas acquires MHI Vestas' offshore wind businessOct 29, 2020
- world-energy.orgVestas to Acquire Full Control of Offshore Turbine Business - World-EnergyOct 30, 2020
- companynewshq.comEuropean Commission Approves Vestas, Mitsubishi Offshore Wind Deal (Offshore Engineer) | CompanyNewsHQCraig GambolNov 27, 2020
Summarized from public sources; check the original articles before acting on it.
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