For this reason, Orix has moved to purchase the remaining 51% of the shares of each of the seven SPVs owned by IWEL, and turn them into wholly-owned subsidiaries.” 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. “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.