ORIX Corp Signs Greenko Energy Deal, Invests in Affiliate
Ticker: ORXCF · Form: 6-K · Filed: Jan 21, 2025 · CIK: 1070304
| Field | Detail |
|---|---|
| Company | Orix Corp (ORXCF) |
| Form Type | 6-K |
| Filed Date | Jan 21, 2025 |
| Risk Level | low |
| Pages | 6 |
| Reading Time | 7 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: investment, energy, corporate-action
TL;DR
ORIX Corp inks Greenko Energy deal and backs an affiliate. Big moves in energy!
AI Summary
On January 21, 2025, ORIX Corporation announced it signed a share transfer agreement for Greenko Energy and made a new investment in an affiliate company. The filing is a Report of Foreign Private Issuer pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934.
Why It Matters
This filing indicates strategic moves by ORIX Corporation in the energy sector and its affiliate network, potentially impacting its future growth and investment portfolio.
Risk Assessment
Risk Level: low — The filing is a routine report of a foreign private issuer and does not contain information that inherently suggests significant new risks.
Key Players & Entities
- ORIX Corporation (company) — Registrant
- Greenko Energy (company) — Subject of share transfer agreement
FAQ
What is the nature of the share transfer agreement for Greenko Energy?
The filing states that ORIX Corporation signed a share transfer agreement for Greenko Energy, but does not provide specific details on the terms or value of this agreement.
What is the nature of the new investment in the affiliate company?
The filing mentions a new investment in an affiliate company but does not specify the amount, the name of the affiliate, or the terms of the investment.
When was this report filed with the SEC?
This report was filed on January 21, 2025.
What type of report is this filing?
This is a Form 6-K, a Report of Foreign Private Issuer pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934.
Does ORIX Corporation file annual reports under Form 20-F or 40-F?
ORIX Corporation indicates that it files annual reports under Form 20-F.
Filing Stats: 1,856 words · 7 min read · ~6 pages · Grade level 13.2 · Accepted 2025-01-21 06:04:05
Filing Documents
- d890186d6k.htm (6-K) — 45KB
- g890186g00a01.jpg (GRAPHIC) — 13KB
- 0001193125-25-008943.txt ( ) — 65KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ORIX Corporation Date: January 21, 2025 By /s/ Yasuaki Mikami Yasuaki Mikami Member of the Board of Directors Senior Managing Executive Officer Responsible for Corporate Function Unit Responsible for Work Style Reform Project ORIX Corporation Table of Contents ORIX Signs Share Transfer Agreement of Greenko Energy and New Investment in its Affiliate Company TOKYO, Japan January 20, 2025 - ORIX Corporation (ORIX) announced today that it has decided to enter into a share transfer agreement to sell all shares of Greenko Energy Holdings (Greenko), an affiliate company of ORIX, to AM Green Power B.V., a wholly owned subsidiary of AM Green B.V. (AMG), which was established by the founders of Greenko and is a next generation energy company. Additionally, ORIX has decided to enter into an agreement to invest in the convertible note issued by AM Green (Luxembourg) S.à.r.l (AMG Lux), the parent company that holds all shares of AMG. ORIX plans to complete the transfer of Greenko shares and underwrite the convertible note by the end of March 2025, 1. Purpose of the transaction Greenko owns major renewable energy companies in India and operates renewable energy power generation facilities with a total installed capacity of 7.3 GW *1 , including solar, wind, and hydroelectric power generation. In addition, Greenko is advancing the development of large-scale pumped storage power generation. ORIX has supported Greenkos business growth since it invested in March 2021 *2 . ORIX decided to sell all its shares in Greenko and reinvest in AMG Lux as part of its capital recycling strategy. ORIX aims to invest in the next generation of the energy sector (including green