Hohn Seeks EU Help In Bid For Japanese Power Co.

Mar 31 2008 | 1:00am ET

One prominent activist hedge fund manager is threatening to transform Japan’s reluctance to allow it a larger stake in the country’s largest electric utility into an international incident.

Christopher Hohn of The Children’s Investment Fund has written to the European Union’s trade commissioner asking him to punish Japan for the “violation of free trade and investment between Europe and Japan.”

Hohn told Peter Mandelson, the one-time British cabinet minister and confident of former Prime Minister Tony Blair, that Europe must impose sanctions on Japan in the interests of free trade should Japan’s government reject its bid to double its stake in Electric Power Development Co., known as J-Power, to 20%. Japan’s Ministry of Economy, Trade and Industry last month postponed a decision on TCI’s request until May.

RELATED STORIES

TCI Says It’s No Threat To Japanese Security
TCI Seeks Bigger Piece Of Japanese Power Co.


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of