TEPCO Energy Partner, Incorporated announced a private placement of common shares for gross proceeds of Ã200,000 million on August 31, 2022. The transaction will include participation from returning investor Tokyo Electric Power Company Holdings, Incorporated. Post closing, the registered capital of the company will increase from Ã10,000 million to Ã110,000 million.
The transaction has been approved by board of directors of Tokyo Electric Power Company Holdings, Incorporated. The transaction is expected to close on October 31, 2022.