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.

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 Nationalization
    TOKYO—Shareholders of Tokyo Electric Power Co. 9501.TO ... 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 ...
    06/27/2012 - 3:55 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
    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 - 11:45 pm | 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 - 7:50 pm | View Link
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