In a fierce bid to ward off a government takeover, TEPCO (TKECF.PK) turns to creditor banks to...

|By:, SA News Editor

In a fierce bid to ward off a government takeover, TEPCO (TKECF.PK) turns to creditor banks to find as much as ¥1T ($13B) in new loans. If granted, the new banks will require the energy company that saw the worst-ever nuclear accident to agree not to ask for any debt forgiveness or changes to the loans' repayment terms.