TCI faces security setback on J-Power

April 16th, 2008
| More
TCI made a bid to increase its stake from 9.9 to 20% in J-Power, a Japanese energy company. The Japanese government has to approve any stake over 10% in one of its sensitive sectors - and in this case, TCI was rejected. TCI claims that a 20% stake cannot give them sufficient influence to change capital spending plans or access sensitive technology and that it had no intention of affecting J-Power's nuclear power plant program.
For Detailed Investor Profiles on these Investors, click below:
The Children's Investment Fund Mgmt
Related People: Chris Hohn
Related Entities: Children's Investment Master Fund; Childrens Investment Fund LP; Childrens Investment Fund Management (UK) LLP; TCI; The Children's Investment Fund; The Children's Investment Fund Foundation

More Recent Headlines

Temasek bought $600 million stake to help Merrill in Feb

PE Funds Buying Citi Loans on the Cheap

Bill Miller Takes Yahoo's Side Against Microsoft

MMI Pressures Unisys Corp

Icahn Adds Allies to Motorola's Board

Man Group Acquires 50% of credit specialist Ore Hill Partners

Icahn vs. Motorola

Arrow Hedge and Marret Launch Hedge Incubator

Icahn Eyes JC Penney and Motorola

Jeffrey Altman’s Owl Creek Asset Management rakes in over $100 million in Fees