Tepco Shareholders Ok $12.6 Billion Government Injection

TOKYO (Reuters) - Tokyo Electric Power Co shareholders voted on Wednesday to approve the Japanese government's 1 trillion yen ($12.58 billion) capital injection, to avert the collapse of the utility in the aftermath of the Fukushima nuclear crisis.

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  • TEPCO shareholders approve 1 trillion yen government bailout
    Tokyo, June 27, 2012 — Tokyo Electric Power Co. shareholders voted April 27 to approve the Japanese government's offer of a 1 trillion yen ($12.58 billion) capital injection. The Japanese government offered the bailout to save the utility from collapse ...
    06/27/2012 - 2:54 am | View Link
  • Tepco Shareholders Approve Government Bailout, Directors
    Shareholders of the company known as Tepco approved proposals to allow the government to get more than 50 percent of voting rights in return for 1 trillion yen ($12.6 billion) in capital infusion. The appointment of 11 directors, including turnaround ...
    06/26/2012 - 9:56 pm | View Link
  • Tepco Shareholders Approve Nationalization
    TOKYO—Shareholders of Tokyo Electric Power Co ... secured an agreement from the government last month to inject ¥1 trillion ($12.6 billion) in government capital in return for a 50.1% stake in the company. The government also holds the right to increase ...
    06/26/2012 - 9:26 pm | View Link
  • Japan’s Government to Take Over TEPCO
    Japan’s trade minister last week approved a ¥1 trillion ($12.5 billion) capital injection ... told reporters last week, after the government approved the utility’s 10-year turnaround plan. If approved by shareholders in June, the takeover will enable ...
    05/16/2012 - 1:00 pm | View Link
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  • Japan taxpayers foot $100bn bill for Fukushima disaster ...
    Tepco, the finance ministry and the economy ministry declined to comment on the estimate. A government official insisted all costs would ultimately be recouped from ...
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