Tokyo Gas identifying assets to sell to fund investments, president says
Real Estate
TOKYO : Tokyo Gas has been identifying assets, including from its vast real estate portfolio, to be sold to fund growth investments, its president said, as the company faces pressure from U.S. activist investor Elliott Management. Elliott, one of the world's most influential activist investors, purchased a 5.03 per cent stake in Tokyo Gas last year, urging Japan's top city gas provider to boost shareholder value by selling some parts of its extensive real estate portfolio. "We've been
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