TCI faces security setback on J-Power
| April 16th, 2008 | ||
| 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. | ||
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The Children's Investment Fund Mgmt |
Related People: Chris Hohn
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