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Announced

CDPQ to invest $474m in Shizen Energy.

Financials

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Transaction Value£423m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

renewable energy

Single Bidder

Cross Border

Acquisition

Japan

Minority

battery manufacture

Private

Renewable Energy Equipment

Pending

Synopsis

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CDPQ, an institutional investor, agreed to invest $474m in Shizen Energy, a renewable energy company. "We are very honoured to form this partnership with CDPQ, which has been moving toward sustainable management for decades and is currently investing in the realization of a decarbonized society from a long-term perspective. Shizen Energy has been striving to achieve its purpose of 'We take action for the blue planet', and we feel that even greater speed is required to resolve global warming and energy challenges. Through our collaboration with CDPQ, we will accelerate our global actions for the future of this Earth," Ken Isono, Shizen Energy CEO.

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