Mitsubishi Electric Corp. on Dec. 23 closed its deal to acquire 74.97% of DeLclima SpA for a transaction value of €536.3 million.

The company offered €4.53 per share for the stake.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Daiwa Securities Group Inc. and DC Advisory were the financial advisers for Mitsubishi Electric, and Gianni Origoni Grippo & Partners was the legal adviser.