Vestas to acquire Mitsubishi’s 50% stake in their offshore JV
Vestas and Mitsubishi Heavy Industries, Ltd. (MHI) have closed the agreement to expand their partnership in sustainable energy. By closing the agreement, Vestas has acquired MHI’s shares in the MHI Vestas Offshore Wind (MVOW) joint venture, while MHI has acquired 2.5 per cent in Vestas and will be nominated to a seat in Vestas’ Board of Directors.
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