Children’s Investment Fund Management Ltd. is confident that Japan will allow it to double its stake in Electric Power Development Co., said John Ho, Asia chief of the U.K.-based activist fund.
The $10 billion fund, also known as TCI, filed a request Jan. 15 to increase its holding to 20 percent of the utility, known as J-Power. Foreign investors need government clearance to buy more than 10 percent of strategic assets, including power plants, arms manufacturers and aerospace companies. The 30-day government review period was extended to mid-May.
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