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

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...