Itochu and Osaka gas to acquire a 13.5% stake in Everfuel from Nel for $10.7m.

Itochu, a Japanese sogo shosha, and Osaka gas, a gas company, agreed to acquire a 13.5% stake in Everfuel, a green hydrogen company, from Nel, a hydrogen company, for $10.7m. “Nel is in a build-up phase streamlining the company and focusing all resources on our own growth. We are therefore divesting non-strategic financial positions. With this sale we no longer own any equity listed instruments,” Kjell Christian Bjørnsen, Nel CFO.