Notice regarding Stock of Eurus Energy Holdings Corporation (Acquire 100% Ownership)
- (former)Machinery, Energy & Project
2022-05-26
Toyota Tsusho Corporation ("Toyota Tsusho") is pleased to inform that Toyota Tsusho decided to acquire 40% (9,941 stocks) of Eurus Energy Holdings Corporation ("Eurus"), which Tokyo Electric Power Company Holdings, Inc. ("TEPCO") had, which allows Toyota Tsusho to acquire 100% ownership of Eurus.
Details after acquiring the whole stock as the sole ownership
After | Before | |||
---|---|---|---|---|
Number of stock | Stock ratio | Number of stock | Stock ratio | |
TEPCO
|
-
|
-
|
9,941 stocks
|
40%
|
Toyota Tsusho Group
|
24,852 stocks
|
100%
|
14,911 stocks
|
60%
|
Total
|
24,852 stocks
|
100%
|
24,852 stocks
|
100%
|
Toyota Tsusho has positioned “renewable energy” as one of its most important business strategies for its mid-term business plan. The initiative by Eurus trailblazed and developed, in particular, the wind power projects as early as late 1980s, and has continued its expansion further in the overseas and domestic markets. Furthermore, last November “Carbon Neutral Roadmap 2030” became a concrete action, one of core businesses of which is the renewable energy business, and going forward, this line of business is to be even more accelerated and expanded.
In order to pass on a better global environment to the children of future, Toyota Tsusho group continues contributing to the transition for a decarbonized society, promoting the carbon neutrality and propelling business domains that contribute to the reduction of greenhouse gas emission, through the industrial lifecycle.
Outline on Eurus
Name of the company
|
Eurus Energy Holdings Corporation |
---|---|
Location
|
Minato-ward, Tokyo Japan |
Representative
|
Hideyuki Inazumi, President and CEO |
Business
|
Wind and solar power project business |
URL
|
https://www.eurus-energy.com/en/ |
The information in this release is current as of the date of announcement.
Please note that information may change after the date of announcement. Thank you in advance for your understanding.