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TCI has called J-Power to pay higher dividends -
05-04-2008, 01:42 PM
Although Japan has always been opened to foreign investments, now even our authorities fear that such British investors, as, for instance, the Children’s Investment Fund (TCI) prefer making high profits instead of long-term planning of own investments in one of main Japanese auction energy company Electric Power Development Corporation (J-Power).
The matter is that TCI British investment group has intended to bring its share in J-Power “from the current 9,9 percent to 20 percent. Moreover, TCI has called J-Power to pay higher dividends and to assume more debt obligations! Certainly these plans of British investors are in conflict with any national strategy for country’s energy security! And so active interference in the business of such main supplier of energy within Japan and a world leader in this field, as J-Power, for example, necessarily lead to sharp turnabout in Japanese electricity prices, which remain the highest ones in the world now! Thus, it is the best illustration of the fact that British investment companies are usually exhibiting predatory activity in the world’s market. And it is dangerous for anyone to meddle with them! |
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