Orix's Stake Sale in Greenko Energy to Provide Additional Capital, S&P Says

MT Newswires Live

Jan 22, 2025

Orix's (TYO:8591) planned sale of its entire stake in Greenko Energy Holdings for $1.46 billion will provide a temporary capital buffer for the company, S&P Global Ratings said in a Tuesday release.

The transaction, which includes convertible notes worth $731 million for energy production business AM Green, will improve the Japan-based diversified finance company's risk-adjusted capital (RAC) ratio by more than 0.6 percentage points, the rating agency said.

The company may use the additional capital for future business growth, according to S&P.

However, S&P said the improvement may be temporary, with the RAC ratio being steady at 9.5% to 10% in the next two years, especially given the company's investment history in riskier growth areas.

Price (JPY): $3310.00, Change: $+28, Percent Change: +0.85%

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