Dentons represented Mitsui, a leading global trading and investment company, in establishing a strategic alliance with CaetanoBus, a Portuguese bus manufacturing company which sells and produces electric buses. Through this deal, Mitsui will promote and expand the market share of CaetanoBus in Europe, Asia and worldwide.

Heightened concern about climate change, atmospheric pollution and environmental protection has driven rapid growth in the electric vehicles markets in Europe and Asia. Vehicle electrification is set to go mainstream as large European cities ‒ among others ‒ implement policies to actively promote electric public buses.

CaetanoBus manufactures the City Gold line of electric buses, which are sold in Europe, as well as the Cobus brand of airport buses. Annual sales of City Gold buses and the electric chassis are expected to reach 1000 units from as early as 2025.

Dentons provided Mitsui with comprehensive advisory on the deal, including due diligence in the UK, Germany and Portugal. The Dentons team was led by partner Takura Kawai, Head of the Japan Desk in EMEA, and Marcin Paliwoda, senior associate, member of the Corporate/M&A Practice Group in Warsaw, and was supported by a Portuguese partner firm as well as Dentons partners Dr. Michael Malterer in Munich, and Christopher Colclough in Milton Keynes.

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