Japan's Phoenix Capital to be top MMC shareholder


TOKYO, May 21 (Reuters) - Phoenix Capital, a Tokyo-based investment fund with close ties to the Mitsubishi group, will be the biggest shareholder of Mitsubishi Motors Corp (MMC) after injecting 70 billion yen ($621.4 million) into the struggling auto maker, a Mitsubishi executive said on Friday. Chief Financial Officer Keiichiro Hashimoto told reporters that the private equity fund will be the biggest shareholder by purchasing newly issued MMC common shares, but added that the fund's stake ...

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