Hokkaido Electric Power Company, Incorporated acquired 40% in Alten RE Developments America B.V. from Sojitz Corporation.
May 16, 2020
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Hokkaido Electric Power Company, Incorporated (TSE:9509) acquired 40% in Alten RE Developments America B.V. from Sojitz Corporation (TSE:2768) on May 16, 2020. Maya Ito, Yusuke Nakagawa, Makoto Shimizu, Junya Kokaji, Sadayuki Matsudaira and Peter G. Armstrong of Nishimura & Asahi acted as legal advisors for Hokkaido Electric Power Company, Incorporated.
Hokkaido Electric Power Company, Incorporated (TSE:9509) completed the acquisition of 40% in Alten RE Developments America B.V. from Sojitz Corporation (TSE:2768) on May 16, 2020.
Sojitz Corporation is a diversified group organized around 10 business segments:
- distribution of chemicals products (25.4% of sales): organic, basic and specialty chemicals, plastic products, resins, etc;
- mining operations (22.2%): coal mining, alumina refining, sale of steel products and ferrous and non-ferrous metals, etc;
- distribution of large consumer products (17.6%): clothing and accessories, textile products, home and decorative articles, etc;
- automobile assembly and sales (11.6%);
- production and sale of food products and ingredients (7.8%);
- sale of industrial machinery and equipment and development of health facilities (6.9%);
- development and operation of energy and telecommunications infrastructure (3.6%);
- industrial infrastructure operation, property management and urban development (2%);
- aircraft and ship sales (1.7%). The group also develops activities in the operation of airport and rail infrastructure;
- other (1.2%): provision of financial services, logistics services, consulting, etc.
SOJITZ CORPORATION 
