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Tokyo Electric Power HD Surges in PTS Trading on Reports of Capital Alliance Interest from Blackstone and SoftBank
Tokyo Electric Power Holdings <9501> surged in off-exchange trading on the PTS (Proprietary Trading System) operated by Japannext Securities, rising more than 11% at one point above its closing price on the Tokyo Stock Exchange on the 9th. The Nikkei reported on the same day that U.S.-based funds Blackstone and Apollo Global Management, as well as SoftBank, have expressed interest in a capital alliance being sought by Tokyo Electric Power Holdings. The report appears to have triggered a wave of buying. According to the article, the scale of external investment could exceed \1 trillion, making well-capitalized investment funds strong contenders.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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