European Commission approves Vestas and Mitsubishi Heavy Industries transaction to strengthen partnership in sustainable energy
Press Release from Vestas Wind Systems A/SAarhus, 27 November 2020 Recently Vestas Wind Systems A/S (Vestas) and Mitsubishi Heavy Industries, Ltd. (MHI) announced an agreement to expand their partnership in sustainable energy. The strengthened partnership entails that Vestas will acquire MHI’s shares in the MHI Vestas Offshore Wind (MVOW) joint venture, and MHI will acquire 2.5 percent in Vestas and be nominated to a seat in Vestas’ Board of Directors. The transaction between Vestas and MHI was subject to regulatory approvals by the competition authorities and with reference to