Mitsui to Pay 15.4 Billion Yen for 25% Stake in Gonvarri Eolica

(Bloomberg) — Mitsui & Co., Japan’s second-largest trading
company, will acquire a 25 percent stake in Gonvarri Eolica SL,
a maker of wind turbine parts in Spain.

Mitsui will pay about 15.4 billion yen ($128 million) for
the shares to be acquired later this year, Tomomi Taura, a
spokeswoman for the Tokyo-based company, said by phone Friday.

Madrid-based Gonvarri, founded in 2008, makes turbine
towers, Mitsui said in a statement Friday.

To contact the reporter on this story:
Chisaki Watanabe in Tokyo at
cwatanabe5@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Ana Monteiro, Jason Rogers

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