Tokyo Electric Power Company (Tepco) may soon sell its 7.97% stake in Japanese mobile operator KDDI in order to pay for compensation claims following the disaster at its Fukushima nuclear power plant in early March, wrote Dow Jones.
Kazuhiko Shimokobe,…
Tokyo Electric Power Company (Tepco) may soon sell its 7.97% stake in Japanese mobile operator KDDI in order to pay for compensation claims following the disaster at its Fukushima nuclear power plant in early March, wrote Dow Jones.
Kazuhiko Shimokobe, chairman of a government panel overseeing the company’s restructuring, was quoted saying that the stake could either be sold back to KDDI or be released to the market.
A few months ago, in the wake of the earthquake, it had already been reported that Tepco was looking to sell shares in several companies. But at the time the company was quoted saying that it was still undecided about divesting its stake in KDDI.
