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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    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 ...
    06/27/2012 - 7:31 pm | View Link
  • Tepco Shareholders Approve Nationalization
    TOKYO—Shareholders of Tokyo Electric Power Co. approved the effective nationalization ... accident. Tepco management, led by Chairman Tsunehisa Katsumata, secured an agreement from the government last month to inject ¥1 trillion ($12.6 billion) in ...
    06/27/2012 - 5:55 am | View Link
  • TEPCO shareholders approve 1 trillion yen government bailout
    Japan's government has supported the utility with 3.5 trillion yen ($37.74 billion) During the same vote, TEPCO shareholders vetoed a plan to scrap all seven reactors at the utility's Kashiwazaki-Kariwa nuclear power plant and replace them with gas-fired ...
    06/27/2012 - 3:54 am | View Link
  • Tepco shareholders OK $12.6 billion government injection
    The capital injection will hand control of Tepco ... government and brings total state support for the company to at least 3.5 trillion yen since reactor meltdowns at the Fukushima Daiichi plant triggered by last year's earthquake and tsunami. Shareholders ...
    06/26/2012 - 11:46 pm | View Link
  • Tepco shareholders OK $12.6 billion government injection
    The capital injection will hand control of Tepco to the government and brings total state support for the company to at least 3.5 trillion yen since reactor meltdowns at the Fukushima Daiichi plant triggered by last year's earthquake and tsunami.
    06/26/2012 - 11:46 pm | View Link
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