European Energy A/S announced that it will issue 72,000,000 common shares at a price of ? 9.722222 per share for gross proceeds of ? 699.999984 million on January 19, 2024.

The transaction includes the participation from new investor Mitsubishi HC Capital Inc. for 20% stake in the company. Closing of the transaction is subject to fulfillment of certain customary closing conditions, including regulatory approvals and is expected to take place in H1 of 2024.