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Article: Tokyo Electric Power, Toshiba and Japan Bank for International Cooperation to Acquire 19.95% Equity Interest in Uranium One of Canada.
- Article from:
- Business Wire
- Article date:
- February 10, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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- Establishment of Long Term Strategic Alliance with Strategic Relationship Agreement and Uranium Offtake Agreement -
TOKYO -- The Tokyo Electric Power Company, Incorporated (TEPCO) (TOKYO:9501), Toshiba Corporation (Toshiba) (TOKYO:6502), and the Japan Bank for International Cooperation (JBIC), the international wing of the Japan Finance Corporation, today announced a joint investment in Uranium One Inc. (U1) (UUU.TO), a major, Canadian-listed producer and marketer of uranium. TEPCO, Toshiba and JBIC have agreed to subscribe to a new share issue of 117 million shares in U1, at a price of Cdn$2.30 per share, equal to approximately Cdn$270 million (about 20.2 ...