Chubu Electric Power Company Netherlands B.V. entered into Share Purchase Agreement to acquire an unknown minority stake in Bitexco Power JSC from ORIX Corporation and UOB Venture Management Private Limited.
Chubu Electric Power Company Netherlands B.V. entered into Share Purchase Agreement to acquire an unknown minority stake in Bitexco Power JSC from ORIX Corporation (TSE:8591) and UOB Venture Management Private Limited on September 28, 2021. In a related transaction, Chubu Electric Power Company Netherlands B.V. entered into a share subscription agreement of Bitexco Power JSC. Chubu Electric Power Company Netherlands B.V. will have 20% stake in Bitexco Power JSC. The transaction is subject to certain regulatory approvals.