TOKYO -- Japan's Mitsubishi Corp. and Chubu Electric Power were selected as preferred buyers for Dutch energy company Eneco, as the partners seek know-how on downstream distribution of renewable power in Europe -- expertise that also could be applied in the U.S. or Asia.
The Mitsubishi-led group outbid Royal Dutch Shell and others in a deal estimated to be worth $4.5 billion. The parties announced the selection on Monday.
