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“Japan to take control of Tokyo Electric Power: report” via Reuters

(Reuters) – Japan’s government plans to take control of Tokyo Electric Power Co (9501.T), the operator of a stricken nuclear power plant, by injecting public funds, the Mainichi newspaper said on Friday.

But the government is unlikely to take more than a 50 percent stake in the company, an unnamed government official was quoted by the daily as saying.

“If the stake goes over 50 percent, it will be nationalized. But that’s not what we are considering,” the official was quoted by the paper as saying.

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