Phoenix Capital to unload MMC shares -- paper

Newswire

TOKYO, Feb 1 (Reuters) - Turnaround fund Phoenix Capital, top shareholder of Mitsubishi Motors Corp. (MMC) , will start unloading its shares in the ailing car maker in June, the Nihon Keizai business newspaper reported on Tuesday. Citing the Tokyo-based investment fund's president Yasushi Ando, the paper said Phoenix Capital, which held 28 percent in MMC as of last September, would gradually sell the shares once the auto maker's new management structure had stabilised. Details such as ...

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