TOKYO (Reuters)- The Children’s Investment Fund (TCI) has asked Britain to impose sanctions on Japan, after the activist fund’s request to double its stake in Japanese electricity wholesaler J-Power was rebuffed, a spokesman for TCI said on Thursday.
Last week Japan rejected a request from TCI, the power wholesaler’s largest shareholder, to allow it to boost its stake in J-Power to as much as 20 percent from a current 9.9 percent.
London-based TCI has been pushing J-Power to boost investor returns, including increasing dividends.
