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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BING NEWS:
  • 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 ...
    06/27/2012 - 5:28 am | View Link
  • 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 OK $12.6 billion government injection
    TOKYO (Reuters) - Tokyo Electric Power Co 9501.T> 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.
    06/26/2012 - 1:00 pm | View Link
  • Tepco gets government bail-out
    The Japanese government has approved amendments to ... of public funds provided to Tepco to some ¥3.5 trillion ($43.8 billion) - must be approved by a meeting of Tepco's general shareholders in June. The move, if approved, could avoid the collapse ...
    05/9/2012 - 1:00 pm | View Link
  • Shareholders file $67 billion lawsuit against TEPCO executives
    Government officials have walked a tightrope between ... And in 1995, former executives at what was then an independent Daiwa Bank were sued by shareholders for $1.45 billion over mismanagement. Six years later, the executives agreed to pay $2 million ...
    03/5/2012 - 11:00 am | View Link
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