Tepco shares sink on the probable nationalization

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Source: BBC

Tepco shares tumbled on the Tokyo Stock Exchange on the worries that company may be nationalized. The company applied to the government for provision of additional 690bn Yen to pay compensation to the victims of disaster at Fukushima plant. The country plans to take temporary control over Tepco to ease company's  financial problems. Following the news, shares of the company fell by 15% to 180 Yen.

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Wed, 28 Dec 2011 09:17:03 GMT

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