TOKYO, March 25 (Reuters) - Japanese trading house
Mitsubishi Corp and Chubu Electric Power said
on Wednesday that they have completed a 4.1 billion euro ($4.5
billion) acquisition of Dutch energy firm Eneco on March 24.
In November, the Japanese companies were selected as the
preferred buyers in a bid for the Dutch company, beating rival
bids from Shell and private equity firm KKR.
Eneco was owned by 44 Dutch municipalities and had a focus
on renewable energy.
By taking advantage of Eneco's technological expertise and
experience in renewable energies, Mitsubishi plans to accelerate
its renewable developments in Europe and elsewhere, while Chubu
aims to create synergies in its energy operations both in Japan
and around the world, they said in a statement.
($1 = 0.9223 euros)
(Reporting by Yuka Obayashi, editing by Louise Heavens)
