TCI buys shares in Mizuho, Kajima in J-Power fight
Reuters- British investor The Children’s Investment Fund (TCI) said it had bought stakes in Mizuho Financial Group, Kajima Corp, and about eight other shareholders in J-Power, in order to raise pressure on the electricity wholesaler.
Mizuho, Japan’s second-largest bank, and Kajima, a construction company, are among the largest shareholders in J-Power, which TCI is pressuring to raise dividends, appoint outside directors and cut cross-shareholdings.
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