RENOVA, Inc. (TSE:9519) agreed to acquire the remaining 62% stake in Ozu Solar Silent Partnership Business from Mitsubishi UFJ Lease & Finance Company Limited (TSE:8593) and NEC Capital Solutions Limited (TSE:8793) for approximately ¥640 million on April 25, 2017. The equity transfer contract conclusion is expected on April 26, 2017. Mitsubishi UFJ Lease & Finance Company Limited and NEC Capital Solutions Limited will sell 37% and 25% stake respectively, in Ozu Solar Silent Partnership Business. The transaction was resolved by the Board of Directors of RENOVA, Inc. on April 25, 2017 and is expected to close on April 26, 2017. As of March 31, 2016, Ozu Solar had the following financial, total common equity was ¥715 million, total asset was ¥7,505 million, EBIT was ¥-0 million.

RENOVA, Inc. (TSE:9519) completed the acquisition of 62% stake in Ozu Solar Silent Partnership Business from Mitsubishi UFJ Lease & Finance Company Limited (TSE:8593) and NEC Capital Solutions Limited (TSE:8793) on April 26, 2017.