Activist Investor Urges Japan’s Utility Giant to Focus on Energy ...Middle East

U.S. activist investor Elliott Management has just unveiled it is now one of Tokyo Gas’s top shareholders and looks to push Japan’s energy utility giant to sell its real estate portfolio, the Financial Times reported on Tuesday, citing sources with knowledge of the plans. Tokyo Gas’s real estate portfolio is estimated to be worth about $9 billion, according to Elliott Management. In a stock exchange filing on Tuesday, the activist fund disclosed it now owns 5% of Tokyo Gas, and is now one of the three biggest shareholders in the…

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