Chubu to acquire a 25.1% stake in OMC Power for $39m.

Chubu, a firm that engages in the supply of electricity, gas, and on-site energy, agreed to acquire a 25.1% stake in OMC Power, a developer of energy infrastructures, for $39m. "We will contribute to OMC's efficient business operations by leveraging our operation and maintenance skills for power transmission, distribution, and improvement of the efficiency of generation facilities, and will also contribute to a decarbonized society and the well-being of local people through clean power supply," Hiroki Sato, Chubu Senior Managing Executive Officer and Division CEO of Global Business Division.