Tokyo-based Orix plans to acquire the remaining 51% of shares in seven wind power subsidiaries, jointly owned with Infrastructure Leasing & Financial Services (IL&FS) Wind Energy. The partners are working to gain the approvals necessary to turn the projects into wholly-owned Orix subsidiaries. “Through this transaction, we will be able to expand our business and provide more opportunities for Japanese companies to invest abroad,” said Masayoshi Son, chairman and CEO of SoftBank.
Tokyo-based Orix plans to acquire the remaining 51% of shares in seven wind power subsidiaries, jointly owned with Infrastructure Leasing & Financial Services (IL&FS) Wind Energy. The partners are working to gain the approvals necessary to turn the projects into wholly-owned Orix subsidiaries. Orix owned 49% of the shares of the seven special purpose vehicles, as part of a plan to develop its Indian wind power generation business.