JERA Co., Inc. completed the acquisition of 24.95% stake Gunfleet Sands Offshore Wind Farm Project in United Kingdom from Marubeni Corporation.
January 14, 2019
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JERA Co., Inc. greed to acquire 24.95% stake in Gunfleet Sands Offshore Wind Farm project in United Kingdom from Marubeni Corporation (TSE:8002) on December 28, 2018. Following the acquisition, Ørsted A/S will hold 50.1% stake, Development Bank of Japan will hold 24.95% stake and JERA Co., Inc. will hold 24.95%. Lewis McDonald, Silke Goldberg, Sarah Pollock, Joe Fisher, Martin Bittner and Matthew Job of Herbert Smith Freehills acted as the legal advisor to the JERA Co. Inc.
JERA Co., Inc. completed the acquisition of 24.95% stake Gunfleet Sands Offshore Wind Farm Project in United Kingdom from Marubeni Corporation (TSE:8002) on January 15, 2019.
Marubeni Corporation is a diversified group organized primarily around 12 business segments:
- sale of agricultural products and related services (47% of net sales): sale of agricultural inputs (crop protection products, fertilizers, seeds, etc.), precision farming services, formulation of crop protection products, export of cereals and oilseeds, etc.;
- sale of food products (17.6%);
- production and distribution of oil, gas, alternative energy and electricity (10.4%);
- production of chemicals and petrochemicals (6.4%);
- production of metals and mineral resources (4.9%);
- sale and financing of industrial and construction machinery and equipment (4.6%). The group also develops car sales and tire distribution activities;
- sales of consumer electronics (4.3%). In addition, the group develops real estate development and management activities;
- sale of forest products (2.3%): wood chips and biomass fuel, pulp and waste paper, paper, paperboard, hygiene products, building & construction materials and wood products;
- sale of apparel, accessories, textile and lifestyle products (1.1%);
- management and operation of aircraft and ships (1%);
- development of energy production units and industrial installations (0.3%);
- finance and leasing (0.1%): auto finance, aircraft leasing, aircraft engine leasing, leasing and renting of refrigerated trailers, commercial vehicles and commercial freight railcars, etc.
Net sales are distributed geographically as follows: Japan (37.2%), the United States (42.5%)
MARUBENI CORPORATION 
