Stock Market News
Tepco shares down more than 5% on reported interest in bid for Toshiba
2022.07.06 06:15
FILE PHOTO: The logo of Tokyo Electric Power Co (TEPCO) is pictured at the Energy Market Liberalisation Expo in Tokyo, Japan, March 2, 2016. REUTERS/Toru Hanai
TOKYO (Reuters) – Shares of Tokyo Electric Power Co (Tepco) fell more than 5% briefly on Wednesday after a report that the Japanese utility firm is considering joining a state-backed fund to buy Toshiba (OTC:TOSYY) Corp.
Bloomberg reported that Tepco is considering joining a partnership between state-backed Japan Investment Corp and Japan Industrial Partners to bid for Toshiba.