Elliott bets on Japanese nuclear power, Kansai Electric Power Co. becomes "new target"

According to the 36kr APP, nuclear power has always been a sensitive issue in Japan, so Elliott Management Corporation's stake in Kansai Electric Power has attracted much attention. According to sources, this aggressive investment firm already holds close to 5% of the shares of Japan's largest utility and nuclear power operator, with a market value of $17 billion. Elliott is urging Kansai Electric Power, headquartered in Osaka, to increase investor returns and sell non-core assets valued at over 2 trillion yen (approximately $13.6 billion), almost equal to the current market value, including about 1 trillion yen of real estate unrelated to the energy business. After the news was revealed, Kansai Electric Power's stock price surged 5% on Wednesday.