Japan's government plans to take a majority stake in embattled Tepco (TKECF.PK) in exchange for...

|By:, SA News Editor

Japan's government plans to take a majority stake in embattled Tepco (TKECF.PK) in exchange for a capital injection of 1T yen ($12.4B) in public funds. The deal gives the government voting rights that will enable to institute reforms and stricter corporate governance.